Florida Department of Commerce Issues Last Proposed Rules on High-Profile Property Law

Litigation attorney Nathan Adams wrote an article in the Real Estate Finance Journal discussing Florida's recent regulations limiting foreign ownership of certain real properties. The Florida Department of Commerce (DOC) released a new set of rules that align with existing ones to manage foreign ownership registration and outline exemptions, such as passive interests and property that were contracted prior to 2023. These regulations are subject to ongoing legal challenges, and affected individuals must comply with new registration requirements while exploring available administrative rights.

READ: Florida Department of Commerce Issues Last Proposed Rules on High-Profile Property Law