Rental Property in Florida
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Rental agreement - A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term.
Commercial property - The term commercial property includes business property (eg office buildings), industrial property, medical centers, hotels, stores. Commercial property is intended to be operated at a profit, either from capital gain or rental income.
Homestead exemption in Florida - Florida's homestead exemption provision is one of the most protective in the United States, giving no limit to the value of property that can be protected from creditors. The homestead exemption applies automatically upon the establishment of a primary residence, but to reap the tax assessment benefits it must be claimed by a filing with the state.
Bay Lake - Bay Lake is a body of water about a mile (1500 m) across and a depth of 12 feet, located in Orange County, Florida in the north end of the Walt Disney World property at about , in the Disney-controlled city of Bay Lake, Florida and immediately to the east of the Magic Kingdom. The lake, like other Disney property in the area, is under the jurisdiction of the Reedy Creek Improvement District.
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