Equitable Sharing Agreement And Certification In Nassau

State:
Multi-State
County:
Nassau
Control #:
US-00036DR
Format:
Word; 
Rich Text
Instant download

Description

The Equitable Sharing Agreement and Certification in Nassau is a legal document that outlines the partnership between two investors in the purchase of residential property. It includes details such as the purchase price, down payment contributions by each party, and terms for loans and payments. This agreement specifies the responsibilities of each party, including occupancy, maintenance, and the distribution of proceeds from a future sale. It provides essential clauses that protect the interests of both parties, including provisions for death, severability, and mandatory arbitration. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in real estate transactions or equity-sharing arrangements, offering a structured framework for investment partnerships. Additionally, the template simplifies the process of documenting mutual agreements and expectations, making it easier for all parties to have clarity in their financial and legal obligations.
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FAQ

Through equitable sharing, any state or local law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may either request to put tangible forfeited property into official use or an equitable share of the net proceeds of the forfeiture.

Settlements to forfeit property are designed to conserve the resources of both the claimants and the government in situations where justice will be served.

Property that can be administratively forfeited includes merchandise prohibited from importation; a conveyance used to import, transport, or store a controlled substance; a monetary instrument; or other property that does not exceed $500,000 in value.

Through equitable sharing, any state or local law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may either request to put tangible forfeited property into official use or an equitable share of the net proceeds of the forfeiture.

Equitable Sharing Request Form (DAG-71) For use by State and Local Law Enforcement Agencies Deadline for submission of this request is forty-five (45) days following the date of forfeiture. Asset Information.

On , Attorney General J. Howard McGrath created the Office of the Deputy Attorney General (ODAG). The Deputy Attorney General (DAG), appointed by the President with the advice and consent of the Senate, is the Department of Justice's second-ranking official and functions as a Chief Operating Officer.

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Equitable Sharing Agreement And Certification In Nassau