Surge in Sarasota home values sees home equity increase by $1.1 billion in Q2

Norton Hammersley Real Estate Law

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 …

Emergency Powers for Board Members presentation at Michael’s on East for C.A.N. Sarasota

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Derrick Maginness alongside Jason Hamilton of Pinnacle Association Management co-hosted a presentation on Emergency Powers for board members at Michael’s on East to wrap up August. Pinnacle Community Association Management is a locally owned provider of comprehensive Community Association Management Services that are focused on small to medium sized Homeowners and Condominium Associations. Emergency Powers granted by Florida legislature to …

Derrick Maginness co-hosts board certification course at the Sarasota Yacht Club

Norton Hammersley Firm News, Real Estate Law

Associa Gulf Coast and Derrick Maginness co-hosted a board cert course at the Sarasota Yacht Club in July. Associa Gulf is the industry leader in property management for community associations and proudly serve nearly five million homeowners every day. With a wide array of programs and services ready to fit the specific needs of any HOA. The HOA/Condo Board Certification …

What you need to know about aging buildings and foundations

Norton Hammersley Real Estate Law

The recent tragedy in Surfside has left Associations concerned about structural integrity of their buildings in Florida. On July 1st Joseph M. Herbert from our Trial Practice and Dispute Resolution Group was a panelist for the Community Association Network Group to discuss what assocations need to know about aging buildings and foundations in Florida. Surfside condo collapse could lead to …

Don’t make these common mistakes that real estate investors often make

Norton Hammersley Real Estate Law

Investing in real estate is an ever increasing popular way to make money. Owning property is often less risky than owning stocks, and there are also tax benefits and additional advantages. That being said, real estate investing is not risk free and understanding some of the common mistakes that investors make may help others make more of a profit quicker. …

Derrick Maginness discusses Renters Rights at the Sarasota Community Association Network

Norton Hammersley Firm News, Real Estate Law

Every community deals with renters who break the association’s rules and regulations. While the association’s governing documents may allow it to take certain actions against those tenants, the Florida Statutes provide for remedies as well. Derrick Maginness joined the Sarasota Community Association Network for a discussion on Renters Rights, Applications and Background Checks at the event at the Sarasota Yacht …

How to Officially Become a Florida Resident

Norton Hammersley Estate Planning, Real Estate Law

With no state income or inheritance/estate tax, Florida is becoming a preferred destination for more than 330,000 individuals annually.If you are thinking about or have just made the move follow these steps to confirm and establish your legal domicile in Florida. We are often asked how to become a Florida resident, or how to maintain that residency. This decision can …

Peter Skokos joins the board of the Sarasota Military Academy

Norton Hammersley Firm News

Norton Hammersley partner Peter Z. Skokos has been named as a board member for the Sarasota Military Academy in 2021. Peter will enhance the governance, diversity and leadership of Sarasota Military Academy and add new ideas to the organization. Founded in 2002, Sarasota Military Academy (SMA) is a nonprofit, tuition-free, public charter school with two unique campuses offering Quality Academics, …

Norton Hammersley teams up with All Faiths Food Bank

Norton Hammersley Firm News

This has been a trying year for everyone but even more so for families in need.  NHLS has decided to team up with All Faiths Food Bank to create a virtual fundraiser “Turn an empty plate into a ThankFULL tummy””.  The holidays are almost here and although some of our gatherings may look different this year, most of us will …

Sarasota County to vote on continuance of tax exemption program for business incentives

Norton Hammersley Business & Corporate Law

Sarasota County residents will be able to vote on the Economic Development Ad Valorem Tax Exemption renewal during the Nov. 3 general election and also during early voting, An ad valorem tax is a tax based on the value of land or buildings on real estate or personal property and reflects the fair market value. The ad valorem property tax …