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ARTICLE · 10 APRIL 2008

Cross Border Update - Vol. 1 No. 3

Hodgson Russ LLP
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When a U.S. real property interest is acquired by a Canadian or other non-U.S. individual or entity, the following documents should be available at or after the closing.

United StatesInternational Law
Hodgson Russ LLP'S International/Cross-Border Practice Group
Hodgson Russ LLP'S International/Cross-Border Practice Group

This update is part of a series in which Hodgson Russ attorneys answer frequently asked questions on a range of U.S. legal topics of interest to Canadians with business or personal interests in the United States. If you would like to submit a question for an upcoming issue please contact Lisa Kane.

Question: I am a Canadian citizen buying property in Florida. What documents will I need to retain in connection with the purchase?

Answer: It’s wise to plan now for the property's eventual sale.

When a U.S. real property interest is acquired by a Canadian or other non-U.S. individual or entity, the following documents should be available at or after the closing. These documents should be retained in a safe, accessible location to facilitate compliance with the requirements of the Foreign Investment in Real Property Tax Act (FIRPTA):

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