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New Florida Law Restricting Certain Foreign Ownership of Real Property

On May 8, 2023, Governor Ron DeSantis signed into law Senate Bill 264, creating Part III of Chapter 692 (692.201-692.205) of the Florida Statutes “Conveyances to Foreign Entities”. This new law goes into effect on July 1, 2023 and places substantial prohibitions on foreign citizens and entities from certain foreign countries from purchasing property wit

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