Attorneys Kathleen Hugo and Anna Long presented during the Central Florida Commercial Association of Realtors’ October webinar, “New Laws Affecting Commercial Real Estate.”
Kathleen presented “Foreign Ownership of Real Property in Florida,” reviewing requirements and considerations on Florida Statutes 692.201 – 692.205. Effective July 1, 2023, direct or indirect ownership is prohibited by foreign principles in certain foreign countries. The Statutes also state an affidavit is now required to confirm compliance and that violations will result in a civil and/or criminal penalty.
Anna presented “Live Local Act,” which addressed each of the main provisions of the Act – funding, zoning and land used, tax credits, tax exemptions. Effective July 1, 2023, the Act is scheduled to sunset on October 1, 2033.
Kathleen Hugo is a member of Dean Mead’s Real Estate Department where she focuses on real estate transactions and leasing and land development. She represents commercial and residential clients with real estate manners such as leasing, acquisition and sale, and condominium development. To learn more about Kathleen and to review the “Foreign Ownership of Real Property” presentation visit: https://bit.ly/3FCanVb.
Anna Long has practiced law for more than 30 years with a primary focus on land use, environmental law, and zoning and administrative law. To learn more about Anna and to review the “Live Local Act” presentation visit: https://bit.ly/3WtinPW.
Dean Mead is a business law firm providing full-service legal representation, government relations, and lobbying services throughout Florida. The firm has six offices with 59 attorneys and four government affairs professionals, representing multiple practice areas: federal tax, state and local tax, estate and succession planning, business litigation, corporate law, labor and employment, government relations and lobbying, regulatory compliance, employee benefits, bankruptcy and creditors’ rights, commercial real estate, leasing, construction law, lending, environmental, land use, water law, utilities law, and eminent domain. www.deanmead.com