A foreign principal that executed a contract for the purchase of real property in the State of Florida prior to July 1, 2023, may own or acquire the real property that is the subject of the contract on or after July 1, 2023. Such real property must be registered with the Department in accordance with Fl. Admin. Code R. 73C-60.003
Rulemaking Authority Florida Statutes § 692.203(10). Law Implemented Florida Statutes § 692.203. History-New 1-4-24.

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Terms Used In Florida Regulations 73C-60.002

  • Contract: A legal written agreement that becomes binding when signed.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.