With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.
Included in your package are the following forms:
1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;
2. A Option for the Sale and Purchase of a Commercial Building;
3. A Option for the Sale and Purchase of a Commercial Lot or Land;
4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;
5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;
6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;
7. A Tax Free Exchange Agreement pursuant to Section 1031; and
8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.
Purchase this package and save up to 30% over purchasing the forms separately!
Legal property real in Maryland refers to the various types of real estate properties that are governed by the state's laws and regulations. These properties include residential, commercial, and industrial properties, each with their own specific set of rules and requirements. Let's delve into the different types of legal real property in Maryland: 1. Residential Real Property: Residential real property refers to any property primarily used as a dwelling by one or more individuals. This encompasses single-family homes, townhouses, condominiums, and multi-unit apartment complexes. Regulations and zoning laws dictate the permitted uses, building codes, and requirements for residential properties in Maryland. 2. Commercial Real Property: Commercial real property encompasses properties used for business purposes. This includes office buildings, retail spaces, hotels, restaurants, shopping centers, and warehouses. Laws regarding leases, permits, zoning, and safety regulations are particularly important when dealing with commercial real estate in Maryland. 3. Industrial Real Property: Industrial real property includes properties utilized for manufacturing, production, and distribution purposes. It may include warehouses, factories, processing plants, and power generating facilities. Industrial zoning regulations and safety measures play a crucial role in managing these properties. 4. Agricultural Real Property: Maryland also recognizes agricultural real property, which pertains to lands used for farming, timber production, and other agricultural activities. These properties may be eligible for certain tax benefits and subsidies under specific state programs. Agricultural zoning and conservation measures are considered when dealing with such real estate. 5. Vacant Land and Development Property: Vacant land and development property refer to undeveloped or underdeveloped plots of land, which have the potential for future construction or improvement. These properties may be subject to zoning, environmental regulations, and development plans by local authorities. 6. Waterfront and Coastal Property: Maryland is home to numerous waterfront and coastal properties, mainly due to its extensive shoreline. These may include beachfront properties, waterfront homes, marinas, and waterfront businesses. Special regulations surrounding coastal development, wetland conservation, and floodplain management come into play when dealing with these types of properties. 7. Historic and Heritage Property: Maryland boasts a rich historical heritage with many sites and properties of significant cultural and historical value. Historic and heritage properties may include designated landmarks, historic districts, and properties eligible for historic preservation tax credits. Certain restrictions and preservation guidelines are enforced to protect these properties' historical integrity. It is important to note that laws, regulations, and requirements related to real property in Maryland are subject to change. Thus, consulting with legal professionals or relevant local authorities can provide the most up-to-date and accurate information regarding legal real estate property in Maryland.
