Get Ustla-5 Real Property Questionnaire. Ustla-5 Real Property Questionnaire - Justice

The USTLA-5 Real Property Questionnaire is an essential document for chapter 11 debtors in possession to outline their real estate interests. This guide provides clear and step-by-step instructions on how to complete the questionnaire accurately and efficiently.

Follow the steps to successfully complete the USTLA-5 Real Property Questionnaire.

1. Click ‘Get Form’ button to obtain the USTLA-5 Real Property Questionnaire and open it in your preferred document editor.
2. Read through the introduction of the form. It will provide important context about the necessity of this questionnaire and details on what the United States Trustee requires.
3. Begin filling out Section One, which pertains to the property you own or are currently purchasing. Provide the address, legal description, percentage of interest, acquisition date, purchase price, type of real property, and a description of the property.
4. Continue in Section One by providing the development status of the property, present fair market value, compliance with federal and local regulations, titleholder information, and transfer details.
5. In Section Two, list any voluntary and involuntary encumbrances of record against the property, including respective details such as lender name and current principal balance.
6. Complete Section Three, which revolves around the sale of the property. Answer whether a real estate broker has been employed, if an application was filed with the court, and provide details about any offers received.
7. If you are purchasing a property, fill out Section Four with relevant information about the seller and the terms of purchase.
8. Proceed to Section Five, related to the properties you lease. Indicate whether there is a written lease, details about lease payments, and any delinquent payments.
9. In Section Six, provide information regarding insurance policies related to the property, along with details of the insurance agent.
10. Finally, complete Section Seven, detailing your income from rental properties, current occupancy rates, and any management agreements. Sign the form, provide your title, and date the document.
11. Review all information for accuracy, make any necessary corrections, and ensure any attachments are included. Once satisfied, save your changes, or print, download, or share the form as needed.

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