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Insights Real Estate Blog

The Importance of Knowing Your Buyer

July 26, 2023 Real Estate Blog

On May 8, 2023, Governor Ron DeSantis signed into law Florida Senate Bill 264, which prohibits the acquisition of certain types of Florida real estate by persons from so-called “Foreign Countries of Concern” (China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria). The types of restricted property include agricultural land,…

Tenants and Property Managers Beware: You Could be Liable for Your Non-Resident Alien (“NRA”) or Foreign Corporation (“FC”) Landlord’s Tax Bill

November 4, 2022 Real Estate Blog

Tenants and Property Managers Beware: You Could be Liable for Your Non-Resident Alien (“NRA”) or Foreign Corporation (“FC”) Landlord’s Tax Bill Although many real estate professionals are familiar with the withholding requirements under the Foreign Investment in Real Property Tax Act (FIRPTA) when a non-resident alien (“NRA”) or foreign corporation…