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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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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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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

FIRPTA: What Foreign Investors of US Real Estate Need to Know

FIRPTA requires the buyer to withhold tax from a foreign seller's proceeds when U.S. real property changes hands, currently 15 percent of the sales price. Plan for it before the property is listed.

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Real Estate

Four Tax Considerations for Real Estate Investment Purchases

Pass-through versus double taxation, depreciation, 1031 exchanges and retirement accounts all shape what an investment property actually returns. Four tax questions to work through before you buy.

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