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| Darcie Lunsford |
FORT
LAUDERDALE, FL, July 8, 2020 – Executing a commercial
lease in Florida can now be streamlined and digitized to meet the post-COVID
age.
The
Florida chapter of NAIOP, the Commercial Real Estate Development Association,
in partnership with Florida Realtors, Florida Apartment Association and the
Florida Bar’s Real Property Probate and Trust Law Section, announces the
enactment of a milestone bill removing witness requirements from commercial and
residential leases.
Just
signed into law by Governor Ron DeSantis, Florida House Bill (HB 469)
went into effect on July 1.
“The
witness requirement is a cumbersome and unnecessary holdover from the
pre-digital era,” said NAIOP Florida President Darcie Lunsford,
executive vice president of Butters Realty & Management.
 |
| Stephanie Rodriguez. |
“This is particularly crucial in the
post-COVID environment, where we are looking for ways to limit interpersonal
contact while still trying to conduct business, keep our economy going and our
buildings full.”
State
law already allows for electronic signing of contracts, but the witness
requirement for leases had to be addressed to remove the last hurdle to
electronic execution of leases in Florida, one of seven states that still had
the requirement. The law passed unanimously by both chambers.
“This
is a huge win for our industry during an extremely challenging time,” Lunsford
added. “The commercial real estate industry continues to grow and is important
to the economic viability of our state.”
 |
| Gov. Ron DeSantis, |
The
1,000-member NAIOP Florida is a coalition between the state’s five
regional chapters in South Florida, Central Florida, Tampa Bay, Northeast
Florida and Northwest Florida, and works to advance responsible commercial
real estate development in the state and advocates for effective public policy.
“This
achievement is a terrific example of NAIOP’s efforts to achieve legislative
victories on behalf of commercial property owners and developers,” added NAIOP
South Florida Chapter President Stephanie Rodriguez.
“During
this unique time, it is critical that we work together, in partnership with
other groups, to update our State’s policies and elevate the impact our
industry has on state and local economies. This is a great win for our
members.”
CONTACT:
O:
954.776.1999 ext. 115 |C: 954.648.9132
6451
North Federal Highway, Suite 1200
Fort Lauderdale, Florida 33308
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