In a landmark move for Florida’s commercial real estate sector, the state legislature has officially repealed the sales tax on commercial leases, effective October 1, 2025. This long-anticipated change, enacted through House Bill 7031, eliminates both the state-level 2% tax and the local option surtaxes that have historically applied to commercial rental payments. What’s Changing? For decades, Florida stood alone as […]
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If you have property that you are planning on developing, or obtaining development approvals, before March of 2019, in Lake, Polk, Marion, Highlands, Putnam, and portions of Orange and Osceola counties that meet the 3 criteria established by the U.S. Fish and Wildlife Service (USFWS), i.e. location, soils, and above 80′ msl elevation, then you […]
Read MoreAs many of you know, the process of purchasing a new home, or commercial property involves quite a few important documents that you need to be familiar with. Title and Deed documents are given to you by your attorney. Usually, these documents are also accessible online via your county’s property appraiser’s website FOR FREE. In […]
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Real estate investing can be an extremely rewarding process, but it can also carry some worth-noting risks. Troubleshooting for these issues begins before the purchase takes place and continues throughout ownership. Here are some tips to help get you started. The thing to address first and foremost is the financial aspect. Buying profitable real estate […]
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We are honored that our very own Attorney Gulati’s Article on Foreign Buying Flipside was published in the Orlando Realtor’s Legal Resource Winter Edition. This Article discusses the FIRPTA withholding in Real Estate Transactions. To read more click here.
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The most common mistake that can be made when estate planning is the failure to keep your forms and documents up to date. As simple as it sounds, there are countless instances where people who did not have updated beneficiary forms inevitably ran into complications later in the process. Without proper documentation, the money and […]
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If you have been investing in residential real estate for some time now, you might have been considering commercial investments. The absolute best way to get involved with investments is by doing research, getting advice, and contrasting the familiarity’s with some of the differences. Knowing the pros and cons before getting involved in a big purchase […]
Read MoreHaving a business passed down to you can be an exciting yet scary endeavor, and the situation varies widely depending on how well prepared you are for the transition. Hopefully, you have spent enough time with the business to understand the plans, key players, and how to best serve your clientele. Reviewing and updating documentation, […]
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