Fabio Giallanza of Weiss Serota Helfman Cole + Bierman. Courtesy photo New Restrictions to the Sale of Florida Real Estate to Foreign Buyers
Attorneys, title companies, brokers as well as other players in the real estate industry need to familiarize themselves with this new legislation to ensure compliance and avoid possible penalties.
May 24, 2023 at 10:15 AM
7 minute read
Board of Contributors
On May 8, Gov. Ron DeSantis signed Senate Bill 264 codified at Chapter 2023-33, Laws of Florida (the act) into law. This new legislation introduced, among other measures, new restrictions to the sale of Florida real estate to certain foreign entities and individuals. Attorneys, title companies, brokers as well as other players in the real estate industry need to familiarize themselves with this new legislation to ensure compliance and avoid possible penalties.
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