Florida Proposed acquisition of property
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How to fill out Proposed Acquisition Of Property?
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FAQ
Starting from 1 July 2023, DeSantis approved Senate Bill 264, also known as ?Interests of Foreign Countries.? This law includes rules that control and limit how certain properties in Florida can be bought, sold, and owned by people and groups from other countries.
House Bill 213 prevents these frivolous lawsuits by establishing a four-year statutory limitation on the time in which a civil cause of action can be brought against a real estate appraiser, or appraisal management company, following the date the appraisal was performed. Effective July 1, 2023.
I am not a United States Resident. Can I purchase a property in the United States? Yes, foreign nationals are able to purchase property in the State of Florida, the same way U.S. citizens are able to. There are no special Visa requirements needed to purchase a new home in Florida.
On , Governor Ron DeSantis signed into law Senate Bill 264 (?SB 264?) (codified Fla. Stat. Ann. §§ 692.201-205), which seeks to restrict certain foreign purchases and investments in specific types of real property located within the state.
On July 1, 2023, SB 264 (Chapter No. 2023-33, Laws of Florida) took effect. The controversial law, among other things, restricts certain individuals and entities associated with China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria from owning real property in Florida.
Ron DeSantis signed a bipartisan law, SB 264, banning certain Chinese nationals from buying property in the state to counter ?the malign influence of the Chinese Communist Party in the state of Florida.?
Most notably for Florida's expansive real estate industry, the Act creates Part III of Chapter 692, Florida Statutes, which provides that certain persons and entities from China, Russia, Iran, North Korea, Cuba, Venezuela, and Syria ?may not directly or indirectly own, have a controlling interest in, or acquire by ...
