Residential Landlord and Tenant Act
Several changes were made including a change to the disclosure language landlords who rent five or more dwelling units are required to give. While the law becomes effective July 1, use of the revised disclosure is not mandatory until Jan. 1, 2014.
Renting with a Homestead Exemption
A “safe harbor” written into the law allows people to rent their homestead up to 30 days a year without losing the homestead exemption. However, rentals that exceed 30 days for two consecutive years jeopardize the homestead exemption in year two.
Citizens Property Insurance
A new rule requires all new applicants to go through a clearinghouse to establish if they’re eligible for Citizen’s coverage.
Taking Ownership of an Abandoned House
A claim of adverse possession now requires 1) payment of all outstanding taxes and liens levied by the state, county or municipality within one year; and 2) submission of information to the county property appraiser: contact info, date the adverse possession claim began, legal description of the property, and dates when outstanding taxes and liens were paid.
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