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Commercial Property
Commercial property refers to either land or buildings for profit-generation purposes from rental income or capital gains. Commercial properties include among others office buildings, retail stores, hotels, shopping centers, industrial properties and warehouses.
497 Questions
Drive by appraisals are not as detailed as a full appraisal.. The Appraiser will drive by your home, take pictures of the home and possibly take measurements of the exterior dimensions. They will not need access to the insde of the home for measuring, pictures, conditioning, and sketching the floor plan.
These are common for 2nd mortgage and equity lines. Sometimes they are used for very low LTV refinances.
How do a corporation purchase a residential property?
The corporate board votes to authorize the company, through its officers, to purchase a property. The officers obtain the necessary financing for the transaction and designate an authorized officer to sign any necessary papers. A certificate from the corporate clerk may be required to authorize a third-party loan to the corporation or even for seller financing, including representations that the transaction is authorized by the board. The corporate attorney or officer then works with the sellers to craft the necessary deed naming the corporation as the grantor, to obtain title insurance, and all the ordinary acts of buying a property.
How much does 100 acres of land normally cost?
This is really all depending on were you want to live best advice would be to go to your local state government and talk to them there as they have plans and over views of different plots of land. It would also be wise to talk to different people that live in the area you would want to live and see roughly how much it cost them per acre.
Can you sue a company that sold property without authority?
If they sold it without authority, they are committing conversion or theft. You will have to show ownership and that they did not have permission. They can defend with such things as abandonment, or that they took it in lieu of payment.
Can a title company make interest on the money held in escrow?
The interest that in some states can be collected on Escrow Trust accounts is usually just enough to cover the high costs associated with keeping the account open such as wire fees (up to $75 per wire, and nearly every transaction incurs these fees), funds transfer fees, check fees, and the usually bank fees associated with any account. In addition, they must pay for 3rd part accounting and reconciliation of these accounts in order to be legally compliant, and specialized escrow accountants can be quite expensive, especially since most state regulators require these accounts reconciled to the penny every 30 days, which involves hundreds of individual transactions, and millions of dollars. In short, yes they may in certain states, but it does not add to their profits. It just assists in keeping costs to clients low.
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What are the tax consequences of selling a share of a limited partnership?
A partnership terminates when one of the following events takes place.
All its operations are discontinued and no part of any business, financial operation, or venture is continued by any of its partners in a partnership.
At least 50% of the total interest in partnership capital and profits is sold or exchanged within a 12-month period, including a sale or exchange to another partner.
Unlike other partnerships, an electing large partnership does not terminate on the sale or exchange of 50% or more of the partnership interests within a 12-month period.
See section 1.708-1(b) of the regulations for more information on the termination of a partnership. For special rules that apply to a merger, consolidation, or division of a partnership, see sections 1.708-1(c) and 1.708-1(d) of the regulations.Date of termination. The partnership's tax year ends on the date of termination. For the event described in (1), earlier, the date of termination is the date the partnership completes the winding up of its affairs. For the event described in (2), earlier, the date of termination is the date of the sale or exchange of a partnership interest that, by itself or together with other sales or exchanges in the preceding 12 months, transfers an interest of 50% or more in both capital and profits.
Short period return. If a partnership is terminated before the end of the tax year, Form 1065 must be filed for the short period, which is the period from the beginning of the tax year through the date of termination. The return is due the 15th day of the fourth month following the date of termination. See Partnership Return (Form 1065), later, for information about filing Form 1065.
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What happens to cell phone tower lease when land is sold?
It depends on the terms of the lease. The lease may terminate or the lease may "run with the land."
What kind of workers were needed to build a cathedral?
stupid ones cause a cathedral is rubbish an god does not exist
What happens when a loan matures?
What happens when a loan matures?
In a typical market, the borrower repays the balance on the loan through new financing, sale of the asset, or an equity infusion. In commercial property in the current economic environment, banks are doing things a little differently. The probability of refinancing the loan through another lender is minimal if the underlying collateral is insufficient. A bank with a maturing note may choose to "extend and pretend" if the loan guarantors have sufficient financial wherewithal. A more aggressive lender may demand a pay off. If the payoff doesn't happen, they could put the loan in default and foreclose on the loan.
What is the average cost per square foot for building a warehouse in Bozeman MT?
According to at least one online government site, the national average for warehouse construction cost is $52.50 per square foot. Of course it depends on the type of construction, site difficulty, and current cost of materials and labor, etc.
Can someone explain to me what is quick sale house home in London uk and how it works?
You are generally referring to a fast (or instant) cash sale, wherein you get direct cash for your property.
This has become a popular trend these days as more and more people are willing for quick, hassle-free and profitable ways to sell their properties.
To whom does the listing broker owe direct fiduciary responsibility?
The listing broker is contracted to the seller, is an agent of the seller and owes fiduciuary responsibility to the seller.
What is the average price per square foot for commercial carpet cleaning?
Fees & charges change from town to town, region to region
What is the cost of leasing land in So. Illinois?
I think that depends on what you are interested in leasing it for. What is your specific inquiry regarding -- hunting lease, farm lease, commercial?
How many miles in 12000 acres?
18.75 square miles. A "section" of land contains 640 acres and is equal to 1 square mile.
What is the average cost of warehouse space per square foot in Grand Rapids MI?
Around $3.00 per sq ft per year.
