Legal Blog

January 24, 2021 2021 Mortgage Rates Leading Many Homeowner’s Towards Refinancing

Mortgage rates were on a steady path of decline in 2020, allowing many people the opportunity to become Homeowners or adjust their current property loan values. These historically record low rates are being projected to stay low for at least the first few months of the New Year but are expected to slowly rise again […]

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January 18, 2021 Happy New Year from all of us at Gulati Law!

2020 certainly threw some curveballs to our friends, family, & clients. As we rebuild our community back to the vibrant economy it once was, it is a great time to review your estate plan or corporate documents and evaluate any needs going forward. New Year Checklist:                    […]

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December 7, 2020 A New Mortgage Refinancing Fee. Here’s What You Should Know!

As of December 1, 2020, a new refinance fee is now in effect. This comes at a time when we are having record-low mortgage rates, a great time to refinance. “The Federal Housing Finance Agency (FHFA) will begin charging a mortgage refinance fee that could impact the cost of your mortgage.” What is the fee and […]

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September 11, 2020 Breaking News: Bars to Re-Open Monday at 50% capacity in Florida!

This evening, the Florida Department of Business and Professional Regulation (DBPR) issued Emergency Order 2020-10, which permits bars to re-open on Monday, September 14, at 50% capacity. Under the Order, bars and other alcoholic beverage vendors may resume sales of alcoholic beverages for consumption on premises beginning Monday, provided that their operations comply with the […]

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September 5, 2020 Foreign National Seller of Florida Real Property- FIRPTA Withholding FAQ’s!

If you are a foreign national or you are assisting a foreign national client in selling real estate, you are most likely familiar with Foreign Investment in Real Property Tax Act of 1980 (“FIRPTA”).  When you are handling a real estate transaction involving a foreign seller, depending on the value of the property and how […]

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August 31, 2020 Florida Amended Lease Requirements- Bill Signed into Law!

At the begining of the year, the Florida legislature passed a bill amending Florida Statutes § 689.01 which eliminated the requirement of having two witnesses for the execution of a lease on real property. On June 27, 2020, Governor De Santis signed this bill into law. Until such time, Florida law has clearly stated that […]

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July 16, 2020 Uniform Commercial Real Estate Receivership Act Is NOW THE LAW IN FLORIDA

The Uniform Commercial Real Estate Receivership Act (hereinafter “UCRERA”) became law July 1, 2020, marking a new era for Florida courts. “Of course, this couldn’t have been anticipated, but with the economic fallout from COVID, and all the closures, the first thing that will be effected when people stop paying their rent is commercial real […]

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March 27, 2020 BUSINESS LOAN OPTIONS FOR FINANCIAL RELIEF RESULTING FROM COVID-19/CORONAVIRUS

The Coronavirus pandemic has caused many businesses to experience severe income loss, many already unable to cover their bottom-line business expenses. As a result, our firm has begun actively working with clients applying for economic disaster loans. Please reach out to us immediately for help in preparing your application as deadlines are quickly approaching.  Due […]

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March 23, 2020 Handling Your Hotel Loans Amid the Coronavirus Pandemic

With the sudden arrival of the Coronavirus Pandemic, the hospitality industry has been hit hard. Between the fear, anxiety and social isolation of consumers and the government ordered lockdowns and no travel orders, occupancy of many hotels is down to an alarming level. It is anticipated, by the American Hotel & Lodging Association that more […]

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March 22, 2020 Coronavirus and How it Affects your Contracts!

As the number of Coronavirus (COVID-19) cases in the United States and Internationally continues to rise, many business owners are feeling the effects of quarantines, social distancing, travel bans, and more. In the short amount of time since the virus has emerged, businesses, especially in the hospitality and service industries, have experienced significant and devastating […]

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