More Info on Obtaining a Commercial Real Estate License for Asset Protection

Here is the second installment of an article series from Howard Stross, a fellow member of the National Network of Estate Planning Attorneys. Essential Elements of a Commercial Real Estate Lease: Part 2 by Howard Stross of the Stross Law Firm What Does Florida Do That No Other State Does With a Commercial Real Estate Lease? (Hint: It deals with sales tax.) Florida is the only State in the U. S. that imposes sales tax on rent paid by a tenant to its landlord in a commercial real estate lease. And, it’s not just on the base rent. With few exceptions, anything paid or reimbursed to the landlord by tenant is rent to calculate the sales tax that must be paid. The limited exceptions include utility charges paid by tenant as part of common area maintenance (CAM) if the landlord pays sales tax on its purchase of the utilities. Lease termination payments are exempt...