All foreign investors owning U.S real property are responsible for paying taxes on any and all rental income they earn in the United States from that property. As a general rule, a non-US person who rents out his or her U.S. property is subject to a 30% withholding tax imposed on the gross amount of each rental payment.
Florida law allows homeowners who use their Florida home as their residence to claim a homestead exemption. The Florida Constitution provides a tax-saving exemption by reducing the taxable value of real property by up to $25,000, and $50,000 for a married couple. Florida
A foreclosure is the legal process in which the lender attempts to recover the balance of a loan by forcing the sale of the property used as collateral for the loan. Foreclosure occurs when the homeowner is unable to make mortgage payments to the lender. A homeowner has a few options to avoid foreclosure.
What is a Foreclosure? A bank will usually foreclose on your house after you have failed to make four successive
You’ve received a foreclosure complaint. Before you have a panic attack and believe you are going to lose your house,
When setting up an estate plan, it is common for Floridians to have a revocable living trust in which to
A tenant may terminate their lease with a landlord in the event of a constructive eviction. Constructive eviction is defined
A non-foreign certification is a document that protects buyers of real property interests from liability for the IRS withholding tax,
In Florida, what would happen if a tenant is leasing a premises, and the mortgagee—the bank for example—foreclosures upon the property. Is the tenant allowed to remain in the premises? As a consequence of the foreclosure, is the tenant’s lease terminated? What if the tenant was an innocent party with no knowledge of the mortgage?
Florida real estate is booming, and starting a real estate career may be a great option for you. Fortunately, in
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This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business
