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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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Real Estate

Senate Bill 264: Impact on Florida Real Estate Transactions

On July 1, 2023, Governor Ron DeSantis signed Senate Bill 264, known as the Interests of Foreign Countries Act, transforming the regulatory landscape of real estate transactions in Florida.

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Real Estate

Brevard County Real Estate Market Analysis for April 2023

April 2023 brought a 5.5% dip in Brevard County single-family closed sales with the median price flat at $360,000, while townhouse and condo sales fell 17.0% and inventory supply more than doubled.

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Real Estate

Brevard County Zoning Meeting: Key Decisions & Public Input, Mar 2, 2023

Brevard County's March 2, 2023 zoning meeting approved four rezoning requests over resident objections, tabled a comprehensive plan amendment, and backed Malta Inc.'s Bluefin energy storage project.

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Real Estate

Brevard County Real Estate Market Shows Mixed Performance in Q1 2023

Brevard County closed sales fell 9.9% in Q1 2023, yet the median single-family price rose 3.2% to $350,000 and townhouse and condo prices gained 8.5% while inventory supply roughly tripled.

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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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Real Estate

Deed Fraud: Forgery, Damages & Remedies

Florida deed fraud explained: how a forged deed differs from one induced by fraud, why forgeries are void from the start, and what rescission, damages, and title insurance can recover for a buyer.

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Real Estate

Taxation for Foreign Real Estate Investors

How non-US investors are taxed on US real estate: choosing a holding structure, avoiding double taxation, estate tax exposure, reporting rental income, FIRPTA on sale, and state and local taxes.

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Real Estate

Special Rules for Rental Applications for Members of the Armed Forces

The Servicemembers Civil Relief Act and Florida law give military tenants extra protection on leases, evictions and rental applications. What landlords need to do, and how quickly they need to do it.

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