Get Ptax-203-a - Formsend

Filling out the PTAX-203-A - FormSend is essential for documenting the transfer of non-residential properties with a sale price over $1 million in Illinois. This guide will provide clear and detailed instructions for users navigating this process online.

Follow the steps to complete the PTAX-203-A - FormSend online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Identify the property and sale information. Begin by entering the property’s street address, city or village, and township, as listed on Line 1 of Form PTAX-203.
3. Enter the parcel identifying number from Line 3a of Form PTAX-203.
4. Indicate the total number of months the property was for sale on the market.
5. Respond to the question regarding whether the improvement was occupied on the sale date. If 'No', note the total number of months all improvements were unoccupied before the sale date.
6. Enter the approximate percentage of total square footage of improvements occupied or leased on the sale date.
7. Specify if the buyer occupied the property on the sale date and if they will continue to occupy the property after the sale.
8. Fill in the beginning and ending dates of the buyer’s lease agreement and briefly describe any renewal options.
9. If the buyer owns other properties within a half-mile radius, provide the information for the two closest properties.
10. Answer whether Line 12a of Form PTAX-203 included an amount for a transfer of personal property.
11. Note if the seller’s financing arrangements affected the sale price and provide an explanation if applicable.
12. Provide your opinion on whether the net consideration for the property is a fair reflection of market value, with an explanation if 'No'.
13. Complete the seller's information including their name, daytime phone, and address. Also, include the seller's or agent’s signature and date.
14. Complete the buyer's information including their name, daytime phone, and address, along with the buyer's or agent’s signature and date.
15. After reviewing, save changes, download, print, or share the form as needed.

Complete your documents online now to ensure a smooth filing process.