► A Florida law enacted in 1996 stated that a homeowner’s
rental of “all or substantially all” of his homesteaded property constituted
“abandonment,” thereby removing the homestead exemption. One exception to the
abandonment: An owner could rent his homestead after Jan. 1 and not lose his
exemption for that calendar year, so long as the property was not rented the
previous calendar year
► Starting today, however, property owners may rent their
homesteads for up to 30 days every year without jeopardizing their homestead
exemption. However, they lose the protection of this safe harbor if they rent
their property more than 30 days per year for two consecutive years. The law is
still unclear regarding how many days beyond the 30-day safe harbor period one
can rent in a single year without triggering abandonment of homestead
Read the full article from FLORIDA REALTORS Magazine:
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