Governor DeSantis signed HB 799 into law on June 27, 2024, impacting all developments subject to covenants or restrictions of any flavor, whether residential or commercial....more
Breaking news from the United States Court of Appeals for the Eleventh Circuit involving the case of RJ's International Trading, LLC vs. Crown Castle South, LLC. The court has certified a pivotal question to the Florida...more
On March 1, 2024, the United States District Court for the Northern District of Alabama ruled that the Corporate Transparency Act (CTA) exceeds the constitutional limits on Congress’s legislative power and is therefore...more
3/7/2024
/ Anti-Corruption ,
Anti-Money Laundering ,
Beneficial Owner ,
Congressional Authority ,
Constitutional Challenges ,
Corporate Transparency Act ,
Corruption ,
Financial Crimes ,
FinCEN ,
National Security ,
Regulatory Requirements ,
Reporting Requirements ,
Tax Evasion
In a move heralded as a significant step toward transparency, the Financial Crimes Enforcement Network (FinCEN) has adopted its final Beneficial Ownership Information (BOI) Reporting Rule pursuant to the Corporate...more
9/19/2023
/ Beneficial Owner ,
Corporate Transparency Act ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
National Security ,
Real Estate Development ,
Real Estate Investments ,
Real Estate Transactions ,
Reporting Requirements
The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) to gather public input on tenant protections in multifamily properties backed by Fannie Mae and Freddie Mac. The FHFA aims to understand the...more
In a move to protect homeowners from deceptive practices, the Florida Senate has passed CS/CS/SB 770, a bill that regulates residential loan alternative agreements for the sale of residential real property. The bill, which...more
Earlier today (June 9, 2023), Governor DeSantis signed into law Senate Bill 154 (SB 154). Seen by many in the industry as a “glitch bill,” SB 154 is a legislative measure aimed at addressing and resolving certain issues that...more
Orange County’s "rent stabilization" measure is now officially on the November ballot. The exact language on which Orange County voters will vote (and are in fact already voting if they opted to get a vote-by-mail ballot)...more
Assessments owed to condominium and homeowners associations (Associations) now may be consumer debts as defined by the Florida Consumer Collection Practices Act (FCCPA)....more
Happy New Year! Did I Miss My Chance at Opportunity Zones?
Opportunity zones were introduced in 2017 as part of President Trump’s tax reform bill. Taxpayers with capital gains can receive several tax benefits if the...more
1/16/2020
/ Capital Gains ,
Commercial General Liability Policies ,
Community Development ,
Consumer Insurance Products ,
Copyright ,
Economic Development ,
Homeowners Association (HOA) ,
Investment Funds ,
IRS ,
Licensing Rules ,
Low Income Housing ,
Medicare ,
Multi-Family Development ,
Music Industry ,
Opportunity Zones ,
Public Performance Rights ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Senior Housing ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Planning
The first week of March has brought us another bill with potentially significant implications on investors in fractured condominium projects....more
As we get ready to officially open the 2019 Florida Legislative Session, it will behoove real estate investors (and others) to heed Judge Gideon Tucker’s 1866 quote....more
The legislative session ended with a photo-finish, last-hours-of-the-session maneuvering, resulting in the passage of HB 841, which among (many) other unrelated matters also removes the “sunset” provision of the Distressed...more
The Distressed Condominium Relief Act (“DCRA”) is currently set to expire on July 1, 2018. More specifically, effective July 1, 2018, acquirers of distressed condominium units will no longer be eligible for the “bulk buyer”...more
Apparently residential landlords could face jail time if two companion bills introduced in the Florida House and Senate become law during the upcoming legislative session....more