Force Majeure Clauses in Florida Real Estate Contracts: What You Need to Know A force majeure clause is a provision in a contract that allows one or both parties to excuse (or sometimes delay) their performance obligations if circumstances beyond their control arise. These circumstances are typically called “force majeure events.” Force majeure clauses areContinue reading “The Force Is Strong With This One: Force Majeure Clauses in Real Estate Contracts”
Tag Archives: real estate
The Silent Thief: How False Documents Can Steal Your Property
Don’t Let Your Home Be Next Real property fraud is a serious crime that can have devastating consequences for the victim. It can involve the theft of a property, the loss of a home, or financial ruin. A common type of real property fraud is the filing of false documents. In some cases, the fraudsterContinue reading “The Silent Thief: How False Documents Can Steal Your Property”
How Title Insurance May Have Saved My Client $1 Million
When title insurance is needed, it’s worth every penny I recently assisted a client who had purchased a home in Lakewood Ranch and paid cash. My office did not handle the closing, nor was I involved in any way with the real estate closing at the time. Rather, my client hired me about 7 monthsContinue reading “How Title Insurance May Have Saved My Client $1 Million”
FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of July 1, 2023
The Florida Realtors / Florida Bar (“FARBAR”) Residential Contract for Sale and Purchase and the “AS IS” Residential Contract for Sale and Purchase have been updated as of July 1, 2023. The new revised versions are identifiable by “6x” and “Rev. 7/23” notations towards the lower left-hand corner of each contract. The changes to bothContinue reading “FAR/BAR Residential Contract and FAR/BAR “As Is” Residential Contract Revised as of July 1, 2023″
Florida Statutes § 692.201 (SB 264): “Foreign Countries of Concern”
Pursuant to Florida Senate Bill 264 (2023), which created Florida Statutes § 692.201, the Foreign countries of concern, including any agency of or any other entity of significant control of such foreign countries of concern, are:
New Florida Law Prohibits “Foreign Principals” from Purchasing Certain Real Property
A new law in Florida will prohibit foreign principals from purchasing agricultural land or certain real property in the state. The law, Senate Bill 264, was signed into law on May 8, 2023, and becomes effective July 1, 2023. The law creates what is now Part III of Florida Statutes Chapter 692 (to be codifiedContinue reading “New Florida Law Prohibits “Foreign Principals” from Purchasing Certain Real Property”
Don’t Forget to File for Florida Homestead Tax Exemption
Failure to file constitutes a waiver of your entitlement to the tax savings for the year. The statutory deadline to file was March 1, 2023. Homeowners in Florida may be entitled to a substantial tax benefit known as the Florida Homestead Tax Exemption, which is a two-pronged benefit in the form of: If you recentlyContinue reading “Don’t Forget to File for Florida Homestead Tax Exemption”
Battaglia Law Reviews a Title Company’s Closing Documents and Nets Client an Additional $3,413.00 at Closing
Recently, Lakewood Ranch real estate lawyer Joseph Battaglia represented a seller of residential real estate with a sales price of approximately $500,000.00. Battaglia Law did not serve as the closing agent, as it was the buyer in this transaction who selected the closing agent, per the contract. The closing agent was a local title company,Continue reading “Battaglia Law Reviews a Title Company’s Closing Documents and Nets Client an Additional $3,413.00 at Closing”
Lakewood Ranch Real Estate Attorney Joseph Battaglia named as one of SRQ Magazine’s 2022 Elite Top Attorney Honorees
For the second year in a row, Lakewood Ranch real estate attorney Joseph Battaglia has been included in SRQ Magazine’s Elite Top Attorney Honoree List. The list was published in the September 2022 issue of SRQ Magazine, and Mr. Battaglia was included amongst the other attorney honorees in the real estate law category. Mr. BattagliaContinue reading “Lakewood Ranch Real Estate Attorney Joseph Battaglia named as one of SRQ Magazine’s 2022 Elite Top Attorney Honorees”
SRQ Magazine 2021 Elite Top Attorney Honoree
In the September 2021 issue of SRQ Magazine, Lakewood Ranch real estate lawyer Joseph Battaglia was named a 2021 Elite Top Attorney Honoree in the real estate law category. Mr. Battaglia is appreciative and honored by this designation, which resulted from an online peer review process and internet research process conducted by the magazine. AnContinue reading “SRQ Magazine 2021 Elite Top Attorney Honoree”