Whether you’re in the market for residential or commercial property, securing an appraisal is essential to securing financing from your lender. After all, a lender is unlikely to loan you more money than what a property is worth. The problem with appraisals is that...
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What must I include in my disclosure as a real estate agent?
Perhaps you are a new real estate agent and wondering what type of information you should include in your disclosures to prospective clients. As a real estate agent, you have a fiduciary duty to provide truthful and transparent information about the condition the...
The Florida homestead exemption provides major tax benefits
We’ve covered the appeal of Florida’s low tax rates on this blog before. One of the biggest tax breaks available to residential property owners is the homestead exemption. This exemption reduces your property's assessed value, effectively reducing the amount of...
3 things that can go wrong when closing on a home
You’ve found a place you love and is within your price range. All that’s left to do is to sign the closing paperwork and you’re good to go. However, several things can derail a closing at the last minute. Here are some common things that can go wrong during the...
The pros and cons of condominium living
Condominiums are not just for Baby Boomers. While condos do offer ease of living because typically someone else does the heavy lifting (yard, sidewalk and exterior maintenance) these benefits are also appealing to people who travel and those with young families....
Key differences for owners and managers using Airbnb or VRBO
It is becoming increasingly common for people to rent out their home or vacation property. In the past, this meant that owners either handled the marketing themselves or used a brick-and-mortar rental company. Now online platforms Airbnb and VRBO have become the...
What property owners should know about renting out their home during vacation season
Many property owners choose to rent their extra rooms, garage units or entire homes for short periods of time to vacationers. While this can be a lucrative situation and offset your normal housing expenses, it can also be a gamble. There are many legal concerns to...
When HOA covenants and restrictions are unenforceable
The homeowners association that governs your condominium development in Florida must have a number of legal documents. These include master covenants and restrictions, among others. At Conroy, Conroy & Durant, P.A., we assist condo owners and HOAs in ensuring that...
What are your obligations as a landlord?
Florida state law provides some very specific language as to the relationship and rights between landlords and tenants. Did you know that as a landlord, you cannot prohibit your tenants from using water beds? However, if your tenant wishes to have any number of water...
What your Homeowner’s Association can and cannot do
At times, your Homeowner’s Association (HA) contract can look all-powerful and intimidating. There are clauses in every contract that outline what they can limit and regulate, but the people who interpret it are known to push the envelope. If you suspect that...