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What are the tax consequences for the sale of a real property lease?
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Can real estate force you to sign another fixed term lease after first one has expired. Property is for sale.?
If you won't sign the lease the owner can force you to vacate the premises.
What is the difference between a perpetual lease and a sale deed?
A lease is the written agreement under which the property owner allows the tenant to use the property for a period of time in exchange for the payment of rent. A sale is an agreement in which property is transferred from a seller to a buyer for a fixed price.
What does it mean when property information includes this phrase Seller is related to the licensee?
The seller is related to the agent listing the property for sale or lease.
Is a chandelier considered to be part of home sale?
It it fixed to the bolted to the ceiling, it is real property. If it hangs from a hook, chain, or something similar, it is personal property. Real property is part of the sale.
Can you buy a real estate property that has a sale pending?
No. A sale pending implies that the property is under a binding contract.
What are the properties of a real estate agency?
Real property for sale and for rent.
When a home's deed is transferred to another person do the contents of the house such as furnishings etc. convey?
Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.Personal property does not automatically transfer with a deed for real property. In some cases the seller will agree to make the furnishings part of the sale but you must discuss that in advance of the sale and let your real estate agent make it part of the purchase and sale agreement.
What is the website Commercial Real Estate all about?
The website Commercial Real Estate is about finding Commercial Real Estate for sale and lease. You can also find Office Space and Industrial Properties and Businesses for sale.
What are the short sale ramifications?
A short sale incurs a loss for the bank or other institution that extended the loan to the homeowner. Therefore, the homeowner must negotiate the terms of the sale with the bank before attempting to sell the property. There are a variety of consequences for the owner of a short-sale property.
What is an estate sale of real estate?
An estate in this sense refers to the real estate owned by a decedent at the time of their death. The purpose of an estate sale is to sell the property of a decedent so the proceeds can be distributed to the heirs. After an owner of real estate has died, their estate must be probated so the real estate can be sold. The sale must be handled by an estate representative duly appointed by the probate court and that representative must have the proper authority to sell the property. An estate sale of real estate would be a sale of the real property owned by the decedent.
When you have a signed rental property lease and received a notice of auction for sale after leasing for two months is that fraudulent inducement from the landlord?
Some states have laws that preserve a lease (like, for a year, not month-to-onth) after a sale. There is a strong legal argument that if the buyer was aware of the lease at the time of the sale, he is bound by it. But, no, unless the lease says that he can't sell (and, I've never seen one that does), nothing prohibits the landlord from selling.
Is a tenancy buyout payment taxable income?
IRC Section 1241 specifies that payments received by the lessee for the cancellation of a lease are to be treated as a payment in exchange for the sale of the lease. Assuming you were using the property (as opposed to holding it in inventory, for example you were a real estate broker), the lease would be a capital asset. So the payment would be a capital gain (long or short term depending on how long you held the lease).
