Overpay Florida Rent Tax? | Law Offices of Aaron Resnick

Understanding Overpaid Florida Rent Tax and Your Rights

Overpaying Florida rent tax can place a significant financial strain on businesses. At the Law Offices of Aaron Resnick, we are dedicated to helping businesses understand their rights and recover any overpaid amounts. This page provides a comprehensive overview of Florida rent tax overpayments and what you can do to protect your financial interests.

Florida Rent Tax- Florida Department of Revenue

What Is the Florida Rent Tax?

Florida imposes a tax on commercial rent, which has been significantly reduced over recent years:

  • January 1, 2018: Reduced from 6% to 5.8%

  • January 1, 2019: Reduced from 5.8% to 5.7%

  • January 1, 2020: Reduced from 5.7% to 5.5%

  • January 1, 2021: Reduced from 5.5% to 5.4%

  • April 1, 2022: Reduced to 5.5%

  • January 1, 2023: Reduced to 2%

Causes of Overpayment

Overpayments often occur due to:

  • Unadjusted Tax Rates: Failure by landlords to adjust rent payments.

  • Billing Errors: Mistakes in calculating rent payments.

  • Misinterpretation of Lease Terms: Misunderstanding lease provisions related to tax payments.

Impact on Your Business

Overpayments can affect your business in several ways:

  • Financial Strain: Paying more than necessary can reduce available funds.

  • Cash Flow Issues: Excess payments can disrupt your cash flow.

  • Lost Opportunities: Funds tied up in overpayments could be better invested.

Your Rights as a Tenant

  • Accurate Billing: Ensure rent payments reflect the lease terms and tax rates.

  • Refund for Overpayments: Seek refunds for overpaid amounts.

  • Lease Review and Negotiation: Have your lease agreement reviewed for inaccuracies.

Steps to Take If You Suspect Overpayment

  1. Review Your Lease Agreement: Understand the payment terms.

  2. Collect Payment Records: Gather invoices and receipts.

  3. Calculate Potential Overpayments: Compare your payment history against tax rates.

  4. Contact Us: Reach out to the Law Offices of Aaron Resnick at (305) 672-7495 for a comprehensive lease review.

  • Super Lawyer 10 Years- Law Offices of Aaron Resnick
  • Litigation Attorney of the Year- Aaron Resnick

How We Can Help? We Specialize in:

  • Lease Reviews: Thoroughly examining your lease to identify overpayments.

  • Negotiations: Communicating with your landlord to resolve issues.

  • Litigation: Taking legal action to recover owed amounts.

Understanding your rights and addressing overpayments can save your business money. Contact the Law Offices of Aaron Resnick at (305) 672-7495 for expert assistance in recovering your overpaid Florida rent tax.

Areas we Serve in Florida

We serve clients throughout Florida including those in the following localities: Miami-Dade County including Aventura, Miami, Coral Gables, Doral, Hialeah, Homestead, Kendall, Key Biscayne, Miami Beach, Miami Lakes, North Miami, Tamiami, Westchester, and North Miami Beach; Broward County including Fort Lauderdale, Hollywood, Cooper City, Coral Springs, Hallandale Beach, Oakland Park, Pembroke Pines, Plantation, and Weston; and Palm Beach County including West Palm Beach