Governor Signs Community Association and Condominium Legislation

Following up on my February 16, 2018 post, Florida Governor Rick Scott signed House Bill 617, House Bill 841 and Senate Bill 7087 into law. Senate Bill 7087, which is the comprehensive tax package for the legislative session, authorizes vertical subdivisions of real property, specifically authorizing assessment of a “multiple parcel building” by allocating the […]

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Interesting Data Points From Southeast Multifamily Forum

The Southeast Multifamily Forum provided information and statistics regarding the state of the multifamily real estate market, investment opportunities, trends. Below are some of the highlights. State of the Market After the election, growth in the multifamily real estate market picked up, not because of who was elected, but because uncertainty dissipated. The Southeast multifamily […]

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Homeowners Association and Condominium Association Related Bills

2018 Florida Legislative Session Update The 2018 Florida legislative session is in full swing with a number of proposed bills relating to homeowners associations and condominium association currently being considered. If passed by the legislature and signed into law by the governor, these bills will have a significant impact on operations of homeowners association and […]

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Florida State Sales Tax Rate on Commercial Real Property Leases Reduced

Florida State Sales Tax Rate on Commercial Real Property Leases Reduced Beginning January, 2018 As anyone who is involved in leasing commercial real property in Florida is aware, the State of Florida imposes a sales tax on rental payments for the lease of real property. The tax is imposed not only on the base rent, […]

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