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Can Foreign Principals Own Property Near Military Bases?
As per Section 6 of Senate Bill 264, foreign principals are prohibited from buying real property within a 10-mile radius of military installations or critical infrastructure facilities. Existing foreign owners can retain their properties if owned before July 1, 2023, but they must register with the Department of Economic Opportunity (DEO) by December 31, 2023.
Published: May 24, 2023
Updated: Dec 8, 2023
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Our talented and experienced attorneys and team members come from diverse backgrounds, but we share a common belief in doing right by those that entrust us with their legal matters. At Easler Law, we bring real-world experience to the table, we will critically think for you, we will do the work right, and we will never make excuses.