Homestead Exemption with Contract for Deed

[Christopher Goodin]

Hi All,

I am structuring to acquire a 3 unit property in FL where the current owner will continue to live on the property for free and I will rent out the remaining 2 units. I am deciding between a master lease agreement and a Contract for Deed. Since the current owner has homestead this property and will still be living in the property, I want to maintain the Homestead exemption/current property taxes. Will either of these options (master lease agreement or Contract for Deed) trigger a change in the Homestead exemption/property taxes?