Jul 14, 2025

Industry News: Florida Repeals Rent Tax, FHFA Embraces Rent History, and U.S. Blocks Chinese Farmland Buys

In this industry news episode, Ryan Glick and Charles Covey talk about Florida’s repeal of the commercial rent tax, the FHFA’s move to include rent in mortgage evaluations, and the U.S. ban on Chinese farmland ownership.

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Episode Overview

In this week’s industry news episode of The Land Development Podcast, Ryan Glick and Charles Covey cover three major headlines shaping the real estate and land development industries. First, they explore Florida’s decision to end the sales tax on commercial lease payments, which could boost the state’s appeal for businesses and investors. Charles shares why this may be Florida’s way of leveling the playing field with states like Texas and the Carolinas, especially in light of high insurance costs.

Next, the conversation shifts to a new move by the FHFA to allow rent payment history to count when assessing mortgage eligibility. Ryan and Charles discuss how this can help first-time buyers and renters with limited credit history, while also questioning why it took so long for rent payments to be included in credit evaluations. They break down how landlords currently report, or don’t report, rent to credit bureaus and what may change moving forward.

The third and final headline focuses on national security. The Trump administration has announced a new plan to stop Chinese nationals and entities from buying U.S. farmland. Charles discusses the risks of foreign ownership, including real examples of surveillance concerns near military bases and how agro-terrorism could threaten the country’s food systems. They also talk about how the government may force the resale of land already purchased by banned entities.

Guest Details
Charles Covey
Founder & President @ LandVest Development
Resources From Episode

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