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If I am forced to lease my homestead property to cover mortgage payments due to loss of job, do I lose the asset protection?

I was forced to close my small manufacturing company and have lost my source of income. I am considering leasing my home to cover mortgage and other expenses until I can either sell the home or afford to occupy it again. What does this do to my equity protection under FL constitution?

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Attorney answers (1)

Reputation Level 9
Yes. If you move out with the intention to reside elsewhere and lease your home you would lose your homestead protection against forced sale by creditors provided by the Florida Constituion.

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