News & Updates
Stay up‑to‑date with the latest regulatory news from Florida agencies.
Real Estate
Florida’s HB 7031: A Game-Changer for Commercial Leases Starting October 2025
On October 1, 2025, Florida’s commercial real estate landscape will undergo a transformative change with the implementation of House Bill (HB) 7031. Signed into law by Governor Ron DeSantis, this legislation eliminates the State Business Rent Tax and County Surtax on commercial leases, positioning Florida as a more attractive hub for businesses.
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Real Estate
What Is the Current Sales Tax on Commercial Rentals in Florida?
The state sales tax on commercial real property and leases in Florida is set to decrease from 4.5% to 2% starting June 1, 2024. This reduction is part of broader efforts to support businesses in the state and does not affect local taxes imposed at the county level. It applies to payments received for occupancy periods beginning on or after June 1, 2024, and is expected to have a significant impact on operating costs for businesses leasing commercial real property in Florida.
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Business
FTC Issues Ruling to Ban Noncompete Agreements Nationwide
The FTC has banned non-compete agreements in the U.S. labor market, effective April 23, 2024. The FTC expects the rule to boost competition and worker mobility, impacting all employment contracts except certain executives. Businesses must comply immediately and revise contracts.
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Estate Planning
Risks Without Pet Trusts: Xyla's Near-Fatal Experience Post-Owner's Death
In Florida, a shocking act of cruelty exposed the urgent need for responsible pet ownership and proper estate planning for pets. Xyla, a 16-year-old Shih Tzu, was abandoned in a dumpster by a family member of her deceased owner. Rescued and now thriving, Xyla's story highlights the importance of securing our pets' futures through legal means like pet trusts and designated caregivers. Responsible planning ensures our beloved animals are cared for, even after we're gone.
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Probate
Don’t Say a Little Prayer: Estate Planning Lessons from Aretha Franklin's Probate Trial
Aretha Franklin's contested handwritten will, found in her couch cushions, ignited a legal battle. Michigan accepted it, but Florida's stricter standards reject such wills. The case underscores the importance of proper estate planning and legal guidance.
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Real Estate
Florida Homebuyers Beware: 10 Tips for Identifying Common Home Defects
Structural damage, water intrusion, mold, wiring and plumbing problems are common in Florida homes. A licensed inspection, a careful read of the seller's disclosure, and a real estate attorney protect the purchase.
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