Donación Terreno Withdrawn In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00207
Format:
Word;
Rich Text
Instant download
Description
The Donación Terreno Withdrawn in Wake is an agreement for the donation of land from property owners to a city for development as a premium quality 18-hole golf course. The document details the conditions that must be met before the donation occurs, including the owners’ right to approve the golf course design and location. This form outlines the specific allowed uses of the donated property, emphasizing recreational purposes, and mandates that construction must start within 90 days after the contract with a qualified developer is signed. Important clauses include a right of first refusal for the owners if the city intends to sell the property and a reverter clause stating that the property will return to the owners if it ceases to be used as intended. Filling out the form requires precise information, such as the tract of land, conditions of donation, and completion timelines. Legal professionals, including attorneys and paralegals, will find this form highly useful as it provides a structured way to document land donations and protect the interests of the owners while complying with local regulations. It also serves as a template for similar real estate agreements, ensuring clarity and legal compliance.
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FAQ
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.
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.
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.