FL S0814

Redefines restrictions on foreign principals from "countries of concern" to focus on "controlling interest" (presumed at 25% or more ownership) rather than any direct or indirect ownership of agricultural land, property near military installations, and critical infrastructure facilities in Florida

Expands the definition of "foreign principal" to exclude persons domiciled in countries of concern who hold a current non-tourist U.S. visa or have been granted asylum, in addition to the existing exemption for U.S. citizens and lawful permanent residents

Creates a new exception allowing foreign principals to acquire controlling interests in restricted property for the primary purpose of developing and selling residential units, provided they submit a sworn affidavit to the Department of Commerce attesting to that purpose

Defines "de minimis indirect interest" as ownership of less than 5% of registered equities in a publicly traded company or a noncontrolling interest in an entity controlled by a registered U.S. investment adviser, exempting such interests from the restrictions

Creates Section 704.09, authorizing property owners to create easements, servitudes, or other interests in their own real property even when they own all affected parcels, and validates such interests created before the act's effective date unless invalidated by a court on grounds other than unity of title