American Agent Online is the pioneer of Online Real Estate Agent Chat Services. You can visit our site and chat with any number of agents registered in a zip code. This article is issued in public interest.
Real estate law involves a person’s right relating to the ownership and possession of land, buildings or structures on land. Every home purchase involves a number of potentially complicated legal issues and a great deal of paperwork. Below are certain real estate laws in Florida that everybody should follow to avoid any kind of complications in buying and selling.
- No Discrimination in housing: It is against Florida law to discriminate in the sale, rental, financing or provision of real estate brokerage service in the appraisal of housing based on race, color, religion, sex, national origin or family status. Persons who believe they may have been discriminated against one of the above factors should contact the Florida commission on Human Rights to determine if they are eligible to file a complaint under the Florida Fair Housing Act.
- Records of Deeds: In Florida, real estate records are kept in each county. It is important that new buyers must record their deeds at the public record office, located in each county courthouse. Recording a deed gives notice to the whole country that a particular piece of property has been sold.
- Tenancy in Common: In Florida, tenancy in common is a form of co-ownership. They share the right to possess, sell or encumber the property. Unlike joint tenants, tenants in common do not have the right of survivorship. If one of the owner dies, his/her interest will be transferred to their heirs.
- Joint tenancy:In Florida, although it is a common way for a husband and wife to own a property, there is no requirement that joint tenants be married to one another. Each individual owner in joint tenancy has a right to sell, encumber and possess the entire property. When one joint tenant dies, his/her interest in the property is automatically transferred to the remaining joint tenants. This transfer of ownership is known as right of survivorship.
- Related Articles
- Related Q&A
- Real Estate Laws in Florida
- How to Eliminate Risk in Real Estate Investment! Avoid 12 Common Mistakes Made by Novice Investors and Ensure High Rates of Return!
- Residual Income Through Real Estate can be Generated Through Rental Policies
- Real Estate Title Holding - Part One
- Tenancy In Common Attorney To Destroy The Venture
- TIC: How is the Real Estate Community Involved?
- The Real Real Estate
- How to Eliminate Risk in Real Estate Investment!
The Beginner’s Guide in Buying Miami Luxury Homes
By: Mark Ferrer | 31/12/2009If you are looking for excellent and elegant properties in the city, look no further than Miami luxury homes. From immense square-footage to diverse locations, these homes are the most desirable properties in the city. And buying them isn’t tedious, too, because even if you're a first-time homebuyer, you could easily access the city’s high-end market with the right information.
The Basics of Buying Miami Foreclosures
By: Mark Ferrer | 31/12/2009Miami foreclosures are some of the most popular real estate properties in the city, and the most numerous, too. Over the past couple of years, many homes entered the foreclosure market, mainly due to the increasing numbers of homeowners unable to pay for their properties. This is indeed unfortunate for the owners but quite a boon for real estate investors and even regular homebuyers.
Miami Condos Buyer Tips: Protecting Your Property
By: Mark Ferrer | 31/12/2009When buying Miami condos, one of the most important factors to consider is insurance. While the entire condominium building is insured, the same cannot be said for individually-owned properties. As such, if you are planning to purchase a condo, you should understand that protecting your condo unit is vital. And here are some ways and areas where you could do just that.
How to Spot Illegal Steering When Looking for Miami Rental Property
By: Mark Ferrer | 31/12/2009It’s against the law to deny renters an apartment on the grounds of race, gender, religion and other reasons that basically discriminate. While landlords could deny you rent if your application isn’t backed up with the right financial records, denying you just because you're black or Asian or any other discriminating reasons is against the law. If you are looking for a Miami rental property, be sure you know how to spot illegal steering tactics to get the unit you want.
Finding a Starter Home in Coral Gables Real Estate Market
By: Mark Ferrer | 31/12/2009For first-time homebuyers looking for great deals in the Coral Gables real estate market now is the best time to purchase a home. Plenty of real estate properties are becoming more and more affordable even for those who haven’t experienced homeownership yet. And if you are looking for help finding the right starter home, here are some tips to help you get started.
Auctioning Miami Homes for Sale the Right Way
By: Mark Ferrer | 31/12/2009Foreclosures are not the only real estate properties that could be auctioned; Miami homes for sale, especially those expensive ones, can also be auctioned off. If your property has been sitting in the market for too long, auctioning it off is a great alternative. Here is a brief overview of how the process is done.
Short Sales: Selling Your House for Less than You Owe
By: Simon Volkov | 31/12/2009Short sales are sometimes available to borrowers who are delinquent on their mortgage note agreement, but not yet entered into foreclosure. The term, 'short sale', literally means lenders will accept less than the balance owed.
Weigh Pros and Cons of Home Warranties Before Purchasing One
By: marco | 31/12/2009As a homeowner, you may be considering the purchase of a home warranty. When the warranties begin to expire, homeowners begin to think about home warranties as a way of protecting themselves from the expense of major repairs. If nothing else, a home warranty will give you peace of mind knowing that things are covered if the need for a major repair should arise.
Real Estate Laws in Florida
By: Richard Brazil | 25/07/2008 | Real EstateThis articles broadly goes over real estate laws in Florida. It describes it’s four aspects- NO Discrimination in Housing, Recording of Deeds, Tenancy in Common and Joint Tenancy.
Ask Your Real Estate Agent These Questions
By: Richard Brazil | 18/06/2008 | Real EstateA real estate agent is a person licensed by a state to represent a buyer or seller in a real estate transaction in exchange for a commission. They work in association with a real estate broker or a brokerage company. Smart customers always want an agent who will help and guide them to find a suitable home that meets their needs and can get them through closing without any hassle.
Real Estate Websites: Virtual Tours and Its Importance
By: Richard Brazil | 16/05/2008 | Real EstateVirtual tour is the method used to provide a graphical presentation of a property or properties to internet users. It is a simulation of an actually existing location, comprised of still or video images or virtual models of real location. To make it more presentable, you can add sound, music, narration, and text to it. Viewing virtual tours is simple and easy-no extra plug-in, no downloads.
Know These: Before Buying a House in California
By: Richard Brazil | 07/04/2008 | Real EstateBuying a home in California for the first time can be overwhelming for many first-time buyers. Very few homebuyers know where and how to begin the search to find a suitable one. You, as a first buyer, must know certain facts before buying a house in CA.
Buy and Sell Real Estate Agent Online
By: Richard Brazil | 11/03/2008 | Real EstateAfter making the decision to buy or indeed sell a home, selecting a real estate agent is the next big step you will take. In the ever-competitive world of real estate agents and the escalating real estate market, local knowledge and professional acumen is what expected from an agent. They should have knowledge of their chosen region, proven records of accomplishment in the competitive world of real estate. Selecting one agent among so many experts is the most critical decision you will make.
Issues in Real Estate
By: Richard Brazil | 05/02/2008 | Real EstateWhen we speak of the real estate economy, we use national statistics but speak locally. On the other hand the stock market is based on the national or even the world economy.
Real Estate Professionals in California
By: Richard Brazil | 21/01/2008 | Real EstateCalifornia real estate has a wide variety of diverse properties, from condos to vacation homes to single-family residences to apartments. Therefore, while searching home or commercial property in California, having real estate professionals by your side will make your search easier.
Home Sellers-avoid a Transaction Collapse
By: Richard Brazil | 07/01/2008 | Real EstateA home seller's worst nightmare is selling to a buyer who disappears mysteriously at some point during the transaction. The deal never closes, leaving the seller in the lurch just before moving day.