Donación Terreno Withdraw In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00207
Format:
Word;
Rich Text
Instant download
Description
The Donación Terreno Withdraw in Wake is a legal form that facilitates the donation of land, as outlined in an agreement between the City and landowners. This form is designed for owners who wish to donate approximately a specified number of acres of land to the City, primarily for the development of a premium quality 18-hole golf course. Key features include the description of the gift, conditions precedent to the donation, allowed usage of the property, and the timeline for construction. Owners retain approval rights for the golf course's design and location, ensuring their interests are protected. Additionally, the form includes clauses regarding the reversion of the property if the golf course is not properly maintained and a right of first refusal for the owners on future sales of the property. Filling and editing instructions emphasize clear specifications regarding property descriptions, conditions, and timelines. This document is particularly useful for attorneys, paralegals, and legal assistants involved in real estate transactions, as it provides a structured approach to land donation, ensuring compliance with legal requirements, and protecting the rights and interests of all parties involved.
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FAQ
Donate real estate in CA in just a few steps Submit the online form with some basic info about your real estate. We'll review the property to determine if our charity can accept it. We'll take care of the paperwork & mail closing documents over for you to sign.
Determining the value of donated property de- pends upon many factors. You should consider all the facts and circumstances connected with the property, including any recent transactions, in determining value. Value may also be based on desirability, use, condition, scarcity, and mar- ket demand for that property.
If you give property to a qualified organization, you can generally deduct the fair market value (FMV) of the property at the time of the contribution.
