Florida, not only a world-renowned tourist destination, but also an important meeting point for real estate investors and future homeownersThese opportunities, whether local or foreign, offer unique opportunities. In this article, therefore, we're going to explain the different types of Home Ownership and how this influences your choice of purchase.

The complexity of the market can seem challenging, but with the right information, the dream of home ownership in Florida can become a tangible reality.


Florida's real estate market, one of the most dynamic in the United States, attracts a wide range of buyers, including international investors and families looking for homes. This attractiveness is due to several factors, such as:

  • Mild climate;
  • Strong tourism sector;
  • Cultural diversity;
  • Diversified economy;
  • Absence of state income tax;
  • And low ownership costs.

Economically speaking, the Florida is a hub for real estate investment, accounting for 23% of foreign investment in the USwith Canadians and Brazilians being the main international buyers.

The market faces challenges such as rising prices due to growing demand, but continues to offer a variety of properties, from luxury homes to more affordable options.

Understanding the different forms of real estate ownership is crucial for anyone wishing to invest or settle in Florida. Each form has unique legal, financial and tax characteristics, influencing issues such as succession planning and taxation.

The choice of form of ownership has a direct impact on the management, legal certainty and tax efficiency of the investment.

In the Florida real estate market, there are several types of home ownership, each with its own particularities and advantages. Some of these types are more common than others, see the list below:

Most common forms of property ownership:

  • Sole Ownership (Sole Proprietorship)
  • Joint Tenancy (Joint Ownership)
  • Tenancy in Common (Common Ownership)
  • Condominium (Condominium)
  • Fee Simple (Freehold)

Less Common Forms of Property Ownership:

  • Tenancy by the Entirety (Entire Condominium)
  • Community Property (Community Property)
  • Joint Tenancy with Right of Survivorship (Joint Ownership with Right of Survivorship)
  • Corporation Ownership (Corporate Ownership)
  • Trust Ownership
  • Life Estate (Right for Life)
  • Testamentary Trust
  • Leasehold (Lease)
  • Tenancy at Will (Rent at will)
  • Fee Simple Determinable (Determinable Full Ownership)

Below is a summary of the most common types of home ownership and how they can help you as a buyer and investor:

A Sole ProprietorshipSole Ownership is a form of real estate ownership where a single person holds all the rights to the property. This type offers total control to the owner, including the decision to sell, rent or mortgage the property. Ideal for individuals seeking total autonomy in the management of their property, Sole Ownership also implies sole responsibility for all legal and financial obligations associated with the property.

A Joint ownershipJoint Tenancy is a type of real estate ownership where two or more people share the property equally. In this modality, all co-owners have equal rights and responsibilities over the property. A distinctive aspect of Joint Tenancy is the "right of survival"This allows the share of a deceased co-owner to be automatically transferred to the survivors, simplifying the succession process.

A Joint OwnershipTenancy in Common allows two or more people to own equal or unequal parts of a property. Each co-owner has the right to dispose of their share of the property, such as selling or transferring, independently of the others. This form does not have the right of survivorship, which means that the share of a deceased co-owner passes to his heirs or as indicated in a will.

In a CondominiumIn a condominium, the owner individually owns a residential unit and has the right to shared use of the common areas, such as swimming pools and gyms. This type of ownership combines private property with collective responsibilities, managed by a condominium association, which defines rules and manages the maintenance of common areas, such as:

  • Payment of Condominium Fees
  • Maintaining Individual Ownership
  • Participation in Condominium Meetings
  • Payment of Taxes and Insurance
  • Contribution to the Reserve Fund
  • Among others

Condominiums are popular because they offer facilities and securityIt is an attractive choice for those looking for convenience and an integrated community.

A Full ownershipFee Simple" represents the most complete form of real estate ownership. In this type, the owner has total control over the property, including rights of sale, lease and inheritance, with no time restrictions. It's the most absolute form of ownershipThis allows the owner to make alterations, constructions and improvements as they wish. In addition, in the event of death, ownership is transferred to heirs or as established in a will, without limitations. This is the preferred option for those seeking total autonomy and control over their property.

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    There are various forms of real estate ownership, each suited to specific needs. Among the less common forms are Tenancy by the Entirety, for example, is ideal for couples, offering equality and protection in the property. A Community Property follows a similar line, but focuses on equal rights over property acquired during the marriage.

    For those looking for a more flexible structure, the Joint Tenancy with Right of Survivorship is an excellent option, allowing easy transfer of ownership between co-owners.

    In the corporate sphere, the Corporation Ownership stands out by providing tax and management benefits. Trust Ownership e Life Estate are strategic options for estate and succession planning, while the Testamentary Trust offers post-death control over the distribution of property.

    For short-term ownership relationships, Leasehold e Tenancy at Will are ideal, offering flexibility.

    Finally Fee Simple Determinable (Full Property Determinable) provides conditional ownership, reversing ownership if certain conditions are not met.

    Each of these forms has its own particularities, playing a vital role in the real estate market and providing customized solutions for each investor or owner.

    Form of ownership Definition Features Advantages Considerations Legal/Fiscal Implications
    Sole Ownership Total ownership by an individual. Total control, direct responsibility. Autonomy in decision-making, simplicity in transfer. Risk and full responsibility. Taxation on capital gains; implications for succession planning.
    Joint Tenancy Shared ownership with equal rights. Right of survival, equal division. Avoids probate, simple transfer. Agreement between co-owners required. Probate exemption; possible tax issues when transferring between co-owners.
    Tenancy in Common Shared ownership with flexible proportions. Flexible ownership proportions, with no right of survival. Flexibility in ownership, independence in transfer. Complexity in management and sales. Individual taxation on participation; inheritance according to will.
    Condominium Individual ownership of units in a complex. Rights over individual units, shared common areas. Shared facilities, community. Condominium fees, association regulations. Property taxes on the individual unit; condominium fees may have tax implications.
    Fee Simple Unrestricted and permanent ownership. Full rights, no time restrictions. Maximum control, long-term value. Full responsibility for the property. Greater exposure to property taxes; capital gains on sale.
    Tenancy by the Entirety Exclusive property for married couples. Protection against creditors, right of survival. Protection for the surviving spouse. Limited to married couples, loss on dissolution of marriage. Protection against creditors; tax implications in the event of divorce or death.
    Community Property Property acquired during marriage. Equal division of assets acquired during the marriage. Fair division in the dissolution of marriage. Applicable only in some states, not in Florida. Tax implications in the division and transfer of assets in divorce; not applicable in Florida.
    Joint Tenancy with Right of Survivorship Condominium owner with right of survivorship. Automatic transfer to co-owners on the death of one. Avoids probate, simplifies transfer. Dependence on co-owners. Probate exemption; possible tax issues in transfer and succession.
    Corporation Ownership Property owned by a corporation. Liability protection, tax benefits. Protection of personal assets, ease of transfer. Administrative complexity, possible double taxation. Protection against personal liability; double taxation of corporate profits and dividends.
    Trust Ownership Property held by a trust. Controlled administration, succession planning. Asset protection, tax benefits. Complexity in the creation and management of the trust.


    Definition: It provides a basic understanding of each type of ownership, essential for choosing the most suitable form of ownership.
    Features: It helps to identify the distinctive properties of each form of ownership, facilitating comparison.
    Advantages and considerations: It helps you evaluate the pros and cons of each type of property, allowing you to make an informed choice.
    Legal/Fiscal Implications: It is essential to understand the responsibilities and obligations associated with each form of ownership, especially for buyers who are not familiar with Florida law.

    When considering buying real estate in Florida, Brazilian buyers should pay attention to specific aspects that can significantly impact the process. It is essential to understand the differences between property and taxation laws in Brazil and the United States. A critical point is the international transfer of funds, which must follow the regulations of both countries to avoid legal problems. In addition, tax implications, including property taxes, rental income and capital gains, require special attention. In this context, the help of professionals such as accountants and lawyers specializing in international taxes is indispensable.

    Buying a property in the USA does not automatically guarantee a residence visa. Brazilian buyers should be aware of the visa and stay rules when planning their visit or stay in the USA.

    In addition, it is important for Brazilian buyers to familiarize themselves with the local market in Florida, understanding the specific characteristics of the area of interest, such as price trends and available services.

    Buying a property in Florida can be an exciting and rewarding experience for Brazilian buyers, but it requires planning and knowledge.

    In Florida, Brazilians are in second place among international property buyers, behind only Canadians. In Orlando, Brazilians are in first place. Brazilians represent 20% of the volume of real estate purchases made by international buyers.

    Here are some essential tips to make this process easier:

    • Understanding the local market: Each area in Florida has its own peculiarities. It's important to research the local market and understand factors such as price trends, communities, and available services.
    • Hire qualified professionals: Working with an experienced real estate agent and a lawyer specializing in real estate transactions can simplify the process and avoid common mistakes.
    • Understand the Financing Options: If necessary, explore the real estate financing options available to foreigners in Florida.
    • Plan for additional costs: Be prepared for additional costs such as closing fees, insurance and maintenance.

    Research the local lifestyle: Understanding the lifestyle in your chosen area can help ensure that the property meets your living expectations.

    No, you don't have to be an American citizen. Foreigners, including Brazilians, can buy real estate in Florida.

    There are financing options for foreigners, but they generally require a higher down payment and proof of income.

    In addition to the purchase price, there are closing costs, taxes, registration fees, and possibly condominium and maintenance fees.

    The process includes finding a property, making an offer, carrying out inspections, obtaining financing (if necessary) and finalizing the purchase at closing.

    Although it is not compulsory, it is advisable, especially if you are not familiar with the local market and processes.

    The tax is based on the assessed value of the property and the tax rate of the county where the property is located.

    Yes, but you must comply with local rental laws and, if applicable, condominium rules.

    It depends on your objective: investment, residence or vacation. Popular areas include Miami, Orlando, Tampa and Fort Lauderdale.

    There is a variety, including single-family homes, condominiums, townhouses and commercial properties.

    Yes, with the help of an estate agent and technology such as virtual tours, but a personal visit is recommended.

    Buying a property in Florida is a process that involves several considerations, from understanding the most suitable form of ownership to navigating the legal and tax complexities. For Brazilian buyers, it is essential to be aware of the specifics that such a venture requires, both in practical and legal aspects.

    Consultation with specialized professionals is strongly recommendedas realtors, to ensure that all stages of the buying process are carried out correctly and efficiently. With the right knowledge and guidance, buying a property in Florida can be a rewarding experience and a solid investment.

    Any doubts?

    Investing in a property in Florida is undoubtedly a significant step, one that comes loaded with expectations and aspirations. It is imperative to ensure that this step is taken safely, with all possible precautions in place. The journey from choosing a property to peacefully owning it is permeated with several crucial steps and decisions, and protecting your investment through title insurance is one of these prominent decisions.

    If you find yourself at the crossroads of making this vital decision or if there are questions that remain unanswered, we are here to help. Don't let uncertainty cloud the exciting journey of acquiring your new property.

    Contact us and let us guide you through the intricacies and intricacies of the real estate and title insurance process in Florida. Our team of experts is prepared to offer detailed guidance, clarify your doubts and support you at every stage of your real estate journey. Take the next step with confidence, knowing that you are armed with knowledge, support and expertise.

    Did you like the article? Keep an eye on our blog! Looking to live or invest in real estate in Florida? Check out the list of houses for sale in Florida that we've selected for you!

    Leo Martins

    My role is to create an environment for people to connect with Real Estate in Florida

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