Ga. Law Creates Challenges for Foreign Ownership of Land

Real Estate attorneys Nellie Sullivan and Lindsey Grubbs co-authored a Law360 article discussing the challenges posed by Georgia's new law limiting foreign ownership of certain types of land in the state. The article examines the complexities of complying with the legislation, which will require additional due diligence from buyers, sellers, lenders, attorneys, title companies and brokers to ensure transactions do not violate the new restrictions. It also highlights the potential consequences for the real estate industry, including the need for updated due diligence procedures to identify the intended or current owner, the use of the land in question and surrounding land, as well as the penalties for noncompliance and the impact on passive ownership.

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