The economy in Florida and especially in Miami is booming. New jobs are being created, new companies are setting up shop, and the demand for rental properties is increasing. This market is very promising and profitable. The apartments or houses, whether furnished or not, are rented very quickly. A long-term lease generally does not exceed one year but can be renewed if the owner wishes.

Tenant

If you wish to rent a property in a condominium in Florida, you will have to be accepted by the Condominium Association. To do so, you will fill out a registration form, an investigation will be made and then submitted to the Condominium Association. This process is not free and can take up to a month. You will only get the keys to your rental once you have paid your three months' rent (the first/last and the deposit). An inventory of fixtures will be made.

Owner

In Florida the law protects more the Owners than theTenants. A long term rental agreement is usually no longer than one year. Also, every year, you can change tenants or renew the lease. However, if your tenant is in default (payment, non-compliance with the rules, immoral behavior...) there will be an eviction procedure (about 40 days)

Be careful if you buy in a condominium, some Associations refuse that the owner rents his property. It is necessary before buying that the real estate agent obtains this information.