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Foreign Nationals looking to purchase 2nd home and investment properties in Florida need to look no further than the availability for Short Term Rental Permits if they want to have the ability to rent out their condominium, single family house, or townhouse when they are not using it much like they would find in a Condo-Hotel/Condotel.

M any cities have created a licensure process for property owners and developers that will allow a property to be rented more than once within a year and with rental commitments/leases as short as a few days to a few months.

For instance, in Clearwater Florida, all short term rentals must be registered and licensed with the city.  The purpose of licensure is to ensure a safe community and to enforce minimum housing and development standards.  The property is also required to maintain an occupational license, thus paying additional taxes to the city.

The information about the Clearwater Florida code is available at www.MyClearwater.com or directly by following this link -o-> LINK.

Homeowners who rent short term without permits may be in violation of home owners association rules, deed restrictions, local zoning and codes and landlord tenant act.  All of these violations can carry penalties, fines and even liens against the property.

In Lake Worth Florida, code enforcement liens are applied to all of a property owner’s properties to ensure payment, not just the property that had a code violation.

The short term rental permits also benefit homeowners nearby who then have the ability to help maintain the standards of the community and enforce the rules that keep a property nice, safe and appealing to future buyers and tenants alike.

As more Canadian and British buyers pour into Florida for its relatively low price per unit thanks to the real estate market decline and low cost of the dollar, look to developers to request more short term rental permits in the new areas of Central and Coastal Florida that are appealing to foreign nationals like Bonita Springs, Clearwater Beach, Cape Coral, Tampa, Kissimmee, Daytona Beach and St Augustine.

More Florida Mortgage and Real Estate News You Can Use From
David A. Podgursky, MBA
TheMortgageGoToGuy.com
Your Source for Residential, Commercial, Investment and Relocation Mortgages in Florida

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