City Ordinances 21-5353 and 24-5506 collectively require registration of qualifying vacation rentals within the Coastal Islands Overlay District, as well as all 1-, 2-, 3-, and 4-family dwelling units operating as vacation rentals within the Residential Single and Multi-Family Zoning Districts. These property owners must obtain a vacation rental certificate of registration to advertise or operate as a vacation rental. …
By Jared T. Coldiron On January 1, 2024, a new federal law, the Corporate Transparency Act (“Act”), went into effect that will impact most closely held business entities, including corporations, limited liability companies, and limited liability partnerships, among other entities (“Reporting Company”). The Act, which was introduced to improve money laundering enforcement, is designed to create a national database of …
As your trusted legal advisors in Sarasota, we are dedicated to keeping you informed about the latest news and developments that may impact your business, estate planning, real estate, and dispute resolutions. This month, we highlight several key events and changes in Sarasota that relate to our core practice areas: Business & Tax Law, Estate Planning, Real Estate Law, and …
Written by: Kirsten E. Guerin The recent $418 million settlement by the National Association of Realtors (“NAR”) could change the way homes are bought and sold across the country. This settlement agreement by the NAR was driven by an antitrust lawsuit filed against the trade group, where a federal jury found the organization (along with several large real estate brokerages) …
Members of the Sarasota Community Association Network joined Norton Hammersley’s Derrick Maginness for a presentation and discussion on how to keep your association financially sound in May. An association can be a wonderful place to call home! They feature amenities that otherwise might not be close to home, like a community pool, fitness center, spa, golf course or riding trails. …
Derrick Maginness presented to the C.A.N Clearwater Network in March to discuss how to get our nuisances under control so that they don’t lead to a lawsuit!
Although we are well into the new year, real estate experts say they have no reason to believe the 2022 will look anything different than 2021. That is to say, the connection of short supply, high demand and rising median prices region wide shows no signs of slowing down. In January 2022, Sarasota home prices were up 23.6% compared to …
Last week Derrick Maginness and Joseph Herbert of our Trial Practice and Dispute Resolution Group attended the Ask the Attorney luncheon at Sarasota Yacht Club
After the shocking news of the Champlain Towers South condo collapse that killed 98 people in Surfside near Miami in June, the lack of Florida state regulations regarding inspections of condo towers became very clear. Only two counties in all of Florida (Broward and Miami Dade) requirde the recertification of buildings, however that process only comes into play once a …
Home equity of mortgaged property in Sarasota increased by by $1.13 billion in the second quarter of 2021 thanks to the recent surge in house prices in 2021. A report released by a real estate analytics company stated that the average increase in value of mortgaged residential real estate was $60,600 per home, above the national average of $51,500, according …