Ancillary Probate for Florida Property After Death
Ancillary probate is a secondary court proceeding in Florida to transfer real property owned by a non-resident decedent, often required when out-of-state wil...
Florida property has its own vocabulary, and several of these terms carry five-figure consequences. Each entry gives a direct definition, the numbers that usually apply, and a link to the guide where the term does real work.
7 pages · updated October 2026
Ancillary probate is a secondary court proceeding in Florida to transfer real property owned by a non-resident decedent, often required when out-of-state wil...
Cash-on-cash return divides annual pre-tax cash flow by cash invested, down payment plus closing costs, to show levered yield on Florida rentals.
Florida documentary stamp tax is a transfer tax on deeds and notes, typically $0.70 per $100 of consideration statewide with surcharges in Miami-Dade, paid a...
Florida homestead exemption reduces assessed value and caps annual property tax increases for owner-occupied primary residences, but generally does not apply...
A Structural Integrity Reserve Study (SIRS) inventories major building components, estimates remaining useful life, and calculates reserve funding needs for...
An STR overlay district is a mapped zoning layer where short-term rentals are permitted, conditioned, or banned separately from base residential zoning, comm...
Tourist Development Tax is a county bed tax on short-term rentals, typically 5% to 7% stacked on top of 6% Florida sales tax, collected from guests and remit...
A milestone inspection is a structural safety assessment required at 30 years, or 25 within three miles of the coast, and repeated every ten years. A Structural Integrity Reserve Study is a financial exercise that determines how much the association must hold in reserve for major components. Both come from SB 4-D, and the SIRS is usually what triggers the fee increase or special assessment.
The Foreign Investment in Real Property Tax Act requires the buyer to withhold 15% of the gross sale price when the seller is a foreign person, remitted to the IRS at closing. It is withholding, not a tax: the actual liability is settled on a US return, and a reduced-withholding certificate can lower it, but it must be applied for before closing.
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