Legal Question in Real Estate Law in Florida

Re: what paperwork is required?

You might want to contact Michael Hannan, who is a Real Estate Attorney and licensed in both Florida and Colorado. email address: [email protected]. Hope that helps.

L. Anton

Re: what paperwork is required?

None.

Re: what paperwork is required?

None, however, you should check your homeowners insurnce policy for coverage when you do not live there. In addition, you will need a written lease for your tenants. Good luck.

Re: what paperwork is required?

You do not need to do anything to make the property an "official rental property". However, if you no longer live there and you elect to rent it to tenants, you will lose the homestead exemption status that property may currently. Review your homeowner's policy regarding any exclusion of coverage if you move out or if you rent to tenants. I strongly recommend that you have an attorney prepare a rental agreement for any tenants you may reach an agreement with regarding the rental of your residential property, and the written agreement should provide for a security deposit sufficient to cover 2 months rent in case you are forced to file and prosecute an eviction action in the future.