Florida Residential Landlord and Tenant Act 3

If a Real Estate Broker is managing the property for the landlord, the rules change slightly. Brokers generally do not use the Surety Bond option.Brokers must follow Chapter 475 (License Law) regarding escrow accounts. The broker deposits the rent/security in their Escrow Account.They can keep up to $5,000 of their own money in the Property Management Escrow Account to maintain the account and pay for service charges (remember, in a Sales Escrow account, the limit is only $1,000).Renting to Active Military Service Members - "The Military Clause" Florida law protects our troops. If a service member signs a lease and then receives military orders, they can terminate the lease early.The Triggers: Change of station orders 35 miles or more from the rental premises. Premature discharge from the military. Deployment for 90 days or more. The Result: They can break the lease without penalty (usually with 30 days' written notice).