Do you jointly own property in Florida, but things aren’t going so well? Maybe it’s a piece of land you inherited with a sibling, or a house you bought with an ex. Now one of you wants to sell and the other refuses. This is exactly the type of situation where a Partition Action in […]
If you’ve ever heard someone mention a Lady Bird Deed and thought, “Is that a real thing?” — yes, it absolutely is. And if you’re a Florida homeowner looking for an easy way to pass your property to someone when you die without going through probate, it might just be your new best friend. As […]
So … you are purchasing a home or other piece of residential real estate in Florida, and you have been told that the property you are purchasing is subject to a homeowners’ or condominium owners’ association. What does that mean for you and your soon-to-be home or investment property? In Florida, it is becoming more […]
Imagine this scenario: there is a certain corporation with 400 business units. Each business unit generates $500 per month in income. So, that is a $2.4-million-per-year corporation ($500 x 400 units x 12 months). Now consider that this corporation is run by a board of directors that rotates every year and is elected by the […]
In real estate transactions, seller’s disclosures play a pivotal role in ensuring transparency and fairness between buyers and sellers. These documents serve as a vital source of information, detailing the condition of the property and any potential issues that might affect property value. However, understanding the necessary seller’s disclosures can be complicated, and both sellers […]
When it comes to real estate transactions, it’s common for parties to enter into contracts that outline the terms and conditions of the sale. While these contracts are typically binding and enforceable, there may be situations where one party fails to fulfill their obligations under the contract. In these cases, the non-breaching party may seek […]
Florida real estate investors have long used land trusts as a versatile legal tool with multiple benefits. The basic framework of a land trust is as follows: The property owner conveys title through a deed to the new owner, the trust. The trustee of the trust holds legal title, while the beneficiary owns a beneficial interest in […]
A partition action is one brought under chapter 64 of Florida Statutes. It is brought when there are multiple co-owners of a piece of property who cannot decide what to do with the property. In a partition action, the court can divide the property up among the various co-owners or the court can order the […]
A common investor buyer practice, especially among wholesalers, is to file a document in the public records to preserve their contract rights and “cloud” the property’s title in case the seller fails to honor the contract. Investors are taught to file a “notice of contract” or similar document, which will turn up during a title […]
