Legal Question in Real Estate Law in Florida
I have a Deed in Lieu to sign and send back to a lawyer for the bank. A sentence states: "Subject to: Restrictions, limitations, conditions, reservations, covenants and easements of record, if any; all applicable zoning ordinances; and taxes for the year 2015 and subsequent years." Does this mean I do not pay the '2015 and subsequent years' taxes? I want to be sure that I do not have to pay the taxes! The bank's lawyer said that I do not have to pay the taxes for '2015 and subsequent years'. Thank you
2 Answers from Attorneys
it is impossible to answer a question about a deed without seeing the entire document. taking one sentence out does not really help. it would seem that the property is being transferred subject to the record information and taxes for the years 2015 and forward. this means the bank takes responsibility for them.
The real property taxes for 2015 are not yet due and payable (they are due starting Nov. 1, 2015). Unless the Bank is requesting that you pay them for the prorata portion from Jan. 1, 2015 to the date of the Deed-In-Lieu then then the Bank is assuming responsibility for 2015 real property taxes.
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