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The homestead exemption in Florida may refer to three different types of homestead exemptions under Florida law: exemption from forced sale before and at death per Art. X, Section 4(a)-(b) of the Florida Constitution; restrictions on devise and alienation, Art. X, Section 4(c) of the Florida Constitution; and exemption from taxation per Art ...
Each U.S. state has a recording act, a statute which dictates the legal procedure by which an individual claiming an interest in real property (real estate) formally establishes their claim to that property. The recordation of property rights becomes particularly significant where an unscrupulous dealer in land purports to sell the same tract ...
Finally, Florida adopted a similar law in 2021, allowing citizens and noncitizens to establish community property trusts. [5] The commonwealth of Puerto Rico also allows property to be owned as community property, [6] as do several Native American jurisdictions. In the case of Puerto Rico, the island had been under community property law since ...
This report is from WLRN News, a Miami Herald partner. Listen to WLRN on 91.3 FM in Miami or go to WLRN.org. The decades-long practice of property owners paying real estate commissions is being ...
New Florida laws are making condo living increasingly expensive and are forcing many owners out. Florida realtor Jeff Chenore has been in the real estate business for 30 years and says the ...
Under Florida law, the transfer of a non-homestead property (meaning: a property that isn’t the primary residence of the owner) means: The sale or foreclosure of the property;
Under the common law, real estate can be jointly owned at a given time. [16] In most states, in a tenancy in common, co-tenants each have a theoretical right to possess the whole property. [16] Co-tenants must also share rents received from third-parties, as well as upkeep expenses and taxes. [16]
Generally, these sets of rules and regulations are made available to residents and or as a matter of public record, via a condominium or homeowners association website, or through public files, depending on the state and its applicable laws. Condominiums are usually owned in fee simple title, but can be owned in ways that other real estate can ...