This post originally appeared on Beck Partners' Blog and is republished with permission. Find out how to syndicate your content with theBrokerList.
A small change to Florida leasing law is expected to make a big impact when it comes to commercial and residential lease execution. Thanks to Florida House Bill 469, the old requirement that a landlord and tenant each have two witnesses present at the lease execution, is no longer. As of July 1, 2020, no witnesses will be required to execute leases of one year or more. Beck Partners’ commercial real estate professionals expect this change to expedite the leasing process significantly and save hours of coordinating the lease execution.
With electronic signatures already in effect, the witness requirement had further strained the lease execution process, until the signing of HB 469. Going forward, landlords can expect more swift processing of leases and less delay in securing lease commencement. This new requirement will require just two parties’ signatures on lease execution documents (landlord and tenant).
About Beck Partners: Beck Partners is headquartered in Pensacola, Florida, with additional offices in Tallahassee, Jacksonville, and Mobile. Beck Partners is an innovative real estate and insurance services firm doing business in the Southeast for over 30 years. It is the only Gulf Coast firm offering Real Estate, Property Management, and Insurance service under one roof. Beck Partners’ unique combination of integrated services allows our team to collaborate openly, share ideas and provide critical solutions with speed and efficiency.