In Florida, short term residential leases are taxable. Residential leases (of condos, townhomes or single family homes) of six months or less are treated in much the same way as a resort or hotel stays are by the Florida Department of Revenue, requiring a 7% sales tax be added to the lease amount. Leases longer than 6 months are exempt from taxation. In order to avoid the tax: A six month lease… with even a single day added to it … will suffice for exemption.
Looking for an experienced local real estate agent? We will be delighted to assist you with any of your real estate needs. The Restivo Team 305 793-1365 . Contact us here or by email at restivo.v@ewm.com anytime you are in the market to buy, sell, lease, or build property in South Florida.
