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 …

Lakewood Ranch record sales again in August

Norton Hammersley Real Estate Law

Although COVID-19 seems to be not going anywhere soon many buyers have noted that COVID-19 has accelerated life plans to set their roots in an environment that affords a more active and connected lifestyle. Lakewood Ranch’s vast green space, amenities, and vast array of modern floorplans has become very attractive to those seeking to escape urban centers. The luxury market …

Low Inventory Generates Sarasota’s Strongest Seller’s Market in 15 years

Norton Hammersley Real Estate Law

Homes and Luxury Homes in Sarasota are selling big right now — something one might not expect in times of social distancing and widespread unemployment. But the COVID-19 pandemic has had a surprising effect: lowering interest rates. It has created low inventory in the housing market. And it has eliminated the “just looking” crowd. How low will interest rates go? …

Establishing Florida Domicile for Income and Estate Tax Planning Purposes

Norton Hammersley Announcements

Florida is attractive to residents living in higher tax locales, as one of only seven states without an income tax or state level estate/inheritance tax.  However, establishing Florida domicile is no longer a simple process, as more aggressive tax collection by other states has raised the bar on what steps are required to truly relocate to the Sunshine State.             …