Equity Share Statement With Text In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equity Share Statement with text in Miami-Dade is a legal document used to outline the agreement between two parties, referred to as Investor Alpha and Investor Beta, regarding the shared investment in a residential property. This form includes essential details such as the purchase price, loan financing information, and the distribution of expenses related to escrow and maintenance. It highlights the structure of the equity-sharing venture, detailing each party's investment contributions and ownership percentages. The document is tailored for various legal professionals including attorneys, partners, owners, associates, paralegals, and legal assistants, allowing them to facilitate clear communication and ensure mutual understanding between the parties involved. Filling the form requires careful attention to the specific financial contributions and legal descriptions that must be accurately recorded. Amendments to the agreement must be documented in writing and signatures from both parties are necessary, strengthening the contract's enforceability. This form is particularly useful for those entering into investment partnerships or joint ownership arrangements, as it clearly defines the roles, responsibilities, and potential outcomes for each investor.
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FAQ

Documents are recorded at the Clerk of the Courts, MIAMI-DADE COUNTY RECORDER, COURTHOUSE EAST, 22 N.W. First Street, 1st Floor, Miami, FL 33128. You can record the Notice of Commencement by mail. The original Notice should be sent to the County Recorder, P.O. Box 011711, Flagler Station, Miami, Florida 33101.

You are not required to submit a request for public records in writing. If you do not choose to use our online form, you may call 305-499-8729 with your request.

The Widow/Widower's Exemption provides a $5,000 reduction in property assessment to every widow or widower who is a bona fide resident of this state. Form DR-501, (section 196.202, F.S.).

A widow(er)'s exemption is a reduction of taxes allowed following the death of a spouse. It is intended to ease a potential financial burden on the surviving spouse and family that could result from their loss. The relief provided by states generally is in the form of reduced property tax.

The Homestead Exemption is a valuable property tax benefit that can save homeowners up to $50,000 on their taxable value. The first $25,000 of this exemption applies to all taxing authorities. The second $25,000 excludes School Board taxes and applies to properties with assessed values greater than $50,000.

The widow/widowers exemption reduces the assessed value of your property by $5,000. This provides a tax savings of approximately $35 annually. Any widow/widower who owns property and is a permanent Florida resident may file for this exemption. If the individual remarries, they are no longer eligible.

You have three options for recording your documents in the Official Records: You can bring your original documents in person, along with the appropriate fees, and a self-addressed stamped envelope to the Miami-Dade County Courthouse. You can eRecord your document through one of our approved vendors.

You are 65 years of age, or older, on January 1; You qualify for, and receive, the Florida Homestead Exemption; Your total 'Household Adjusted Gross Income' for everyone who lives on the property cannot exceed statutory limits.

Spousal exemption As mentioned above, any assets passing between spouses and civil partners are exempt from inheritance tax.

Appointed members of each board, commission, authority, or council having statewide jurisdiction, excluding those required to file full disclosure on Form 6 as well as members of solely advisory bodies, but including judicial nominating commission members; Directors of Enterprise Florida, Scripps Florida Funding ...

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Equity Share Statement With Text In Miami-Dade