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Do You Lose the Homestead Exemption If You Rent Out Your House in Florida?

Do You Lose the Homestead Exemption If You Rent Out Your House in Florida?

Renting out a Florida home that was the owner's primary residence can end the homestead exemption. That is only the first number to move. The assessment cap goes with it, the insurance no longer matches the risk, and the deposit stops being the owner's money to hold. A Synergistic Property Manager builds the lease and the accounting around those rules from the start, so nobody is reconstructing them in November when the tax bill lands. Highlights Florida Statute 196.061 treats renting a former homestead as abandonment, though renting after January 1 does not affect that year's exemption...

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