Fla. Restricts Real Estate Investment From China

Friday, May 5, 2023

Scott Bettridge was quoted in Law360 discussing the legislation severely limiting the ownership of Florida property by people and entities from China. S.B. 264 initially seemed poised for easy approval with bipartisan support. However, concerns raised by the public, particularly Chinese-Americans, led to increased scrutiny due to poorly defined terms and weak enforcement provisions. "I think it's very vague and purposely vague and open to interpretation. The way I read it is that it's very overreaching and could be deemed to be very overreaching just by the definitions alone," said Scott. 

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