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Does farmland have to be exchanged for farmland or can it be exchanged for other types of real property such as a house or business building?
Wiki User
∙ 15y ago
The definition of "like-kind" means that ANY real estate can be exchange for ANY other real estate (real estate has different definitions depending on the state..for example a boat dock and a mobile home are real estate in New Hampshire). You can
It can be exchanged to other types of property.for details just visit these two websites links. http://www.realtyexchangers.com/1031_Exchange_Information_Center/Topic_2_-_Qualified_Property.php http://www.leverageexchange.com/exchange_information.shtml
Wiki User
∙ 15y ago
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What is If Mr and Mrs Walker want to buy a building and property for their upholstery business they would apply for a?
Residential morgage
If Sam wants to buy a building and property for his dry-cleaning business he would apply for a?
commercial real estate loan
What are the benefits of leasing a building rather than buying for a new small business?
If you purchase a building, all the maintenance needs will be your sole responsibility. If you lease, the landlord assumes the responsibility of maintaining the property.
What type of businesses use commercial offices?
Collercial real estate is pand, property or facilities that are either zoned for, or used exclusively for, business purposes. In most cases, people cannot live in a building zoned for commercial business purposes. Some examples of commercial properties can also be; Business parks, industrial parks and commercial retail property.
Does business personal property cover underground storage tanks?
If that property (the underground storage tanks) is used in the business to make money and you are the owner of the business, then yes. I'm not a lawyer so this is only my opinion after reading the definition of business personal property.
What are the characteristics of commercial property?
Commercial property is a building used for commerce such as business, trading and retailing. Or to provide a service. This type of property is not used for living in, whereas residential is.
What Is Business Building Insurance. Business building insurance is more commonly referred to as commercial building insurance or commercial property?
Business building insurance refers the coverage of commerical and business properties. The amount of coverage and type of coverage varies by insurance companies. Nation Wide offers small business building insurance and they cover the building, building signs, all furtinure and equipment, inventory, lanscaping and fences, and additional properties. They have a 24-7 claims service.
When are contracts exchanged when a property is sold at auction?
it is when you min is awesome
What is If Mr and Mrs Walker want to buy a building and property for their upholstery business they would apply for a?
Residential morgage
If Sam wants to buy a building and property for his dry-cleaning business he would apply for a?
commercial real estate loan
Where can one purchase farmland?
Farmland can be purchased off anyone who already owns it if they are willing to sell it on. Otherwise, one can make inquiries into government property as long as it unused.
I rent a home with a detached shop that I run a business out of. If my car damages the building and my business contents will my comprehensive pay for my assets and the landlords building?
Renters InsuranceNo. Your renters Insurance Policy is personal lines residential tenants coverage. It should provide coverage for your "Personal Property" and may have some liability and personal injury coverage as well. Your Renters or "Tenants Policy" would not cover your business property nor the property of another person. Your landlord is expected to have his own property coverage.If you need coverage for your business property you would need to pick up a business owners insurance policy. Your personal lines residential rental policy would not cover your business property.AnswerYou'd have to examine the contents of your vehicle insurance policy to determine what would be covered.
What type of business is Raleigh Property Transformation?
Raleigh Property Transformations is a building firm based in South West of the UK. It was founded by Luke Denno. It provides a variety of building services including renovations, alterations, conversions, extensions, new builds and barn conversions.
What are the benefits of leasing a building rather than buying for a new small business?
If you purchase a building, all the maintenance needs will be your sole responsibility. If you lease, the landlord assumes the responsibility of maintaining the property.
Is a land loan always considered investment property?
No, a land loan is not always considered investment property. It is only considered as such if the person receiving the loan has the intent of building a profitable business over the land.
What's the difference between 'Property Plant and Equipment' PPE and 'Furniture Fixtures and Equipment' FFE?
Property, Plant, and Equipment (PPE) are items that are vital to a business operation. Usually these assets cannot be liquidated quickly. Such items would be the property the building is on, the building, and machinery used in production. Furniture, fixtures, and Equipment (FFE) are things that are not attached to the building. Examples of such items are desks, lighting fixtures, and computers.
What is considered property of a business?
I think that "property" of a business is consider when any or all materials were purchased by the business.
