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Can a property owner transfer ownership of property to a non-profit organization with the stipulation that the property will revert back to the property owner in 20 years?
Wiki User
∙ 10y ago
In the United States, no. Any conveyance would be construed as a conveyance in fee.
In the United States, no. Any conveyance would be construed as a conveyance in fee.
In the United States, no. Any conveyance would be construed as a conveyance in fee.
In the United States, no. Any conveyance would be construed as a conveyance in fee.
Wiki User
∙ 10y ago
Wiki User
∙ 10y agoIn the United States, no. Any conveyance would be construed as a conveyance in fee.
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Which would not be considered a government or nonprofit organization?
safeguarding private property and enforcing contracts
Are nonprofit organizations liable for property taxes?
Nonprofit organizations who own property (real or personal) are responsible for property taxes unless they qualify for tax exempt status. Nonprofit organizations are not automatically assumed to have met the qualifications for tax exemption status in most states and must file information with local taxing authorities, who then determine their taxable status. Qualifying for nonprofit status under IRS section 501 (c)(3) does not automatically mean the organization qualifies for property tax exempt status in many states. In some states the nonprofit organization must own and occupy the property for which the exemption is sought (they can't use it for another purpose or lease it to others).
If you obtain an item free from a nonprofit organization is it legal to sell the item?
Perfectly legal. You are not non-profit, so selling any of your personal property is acceptable.
Can a lien be placed on a house from a bank debt from a tenant?
No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.No. A tenant has no ownership interest in the property and so the property is not available to their creditors.
Can your partner have a legal letter of half ownership of house without name on house deeds?
No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.No. Ownership of real property is evidenced by a deed not by a letter.
When were the property ownership qualification for voting abolished?
By 1828 the property ownership qualification for voting had begun to be abolished, but it was not until 1840 that property ownership qualification were completely abolished.
How do you show ownership of property when someone else lives on the property?
Ownership of real property is evidenced by a deed or a probated estate.
What is property ownership paper called?
In the United States ownership of real property is evidenced by a deed.
A fee simple absolute represents total ownership of personal property?
A fee simple ownership represents absolute ownership of real property.
What is absentee ownership?
Absentee ownership is the ownership of business or property by parties rarely present.
Can a life estate creator and owner change their mind and get the property back?
No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.No. They have transferred ownership to the new owners. They no longer have any ownership interest in the property. If they want the property back the new owners must agree to transfer it back by deed.
What is the process for the addition of persons to ownership of real property?
Deed to the person(s) a partial undivided ownership in the property.
