can part of a commercial property be sold and retain the rest ???
814190
Yes, with the permission of your local zoning board you can convert your single building into two properties, similar to converting your two stores to condominiums, or cooperative retail space.\n\nPresently, the common usage is the water, but after conversion the common areas will be many such as the roof, foundation, exterior walls just to name a few.  You will want both owners to pay regularly for upkeep and maintenance, and there will need to be an adequate reserve fund in case repairs are necessary.  \n\nYou must seek a commercial real estate attorney's advice on this.  He can help you decide on the type of ownership that is best for you.  If you convert your building, a separate entity, a Condo or Coop Association, is created to define and safeguard the legal rights of both owners.  Large office buildings "go coop or condo", but usually the cost of converting is too expensive for converting one building into only 2 stores.\n\nYour attorney may suggest less expensive alternatives.  He will go over the benefits you receive and problems you take on by splitting the ownership.  And help you answer the question of what happens when you decide to sell the property to which you are keeping title.  \n\nPerhaps a long term lease is a better idea and makes more financial sense.  Another idea is to take on a partner in ownership who will have certain financial responsibilities in exchange for a share of the ownership.  You can also sell the entire property, and lease back the one store you want with the right to sublet it.
777132
Huh?  What is the exact nature of this question?\n\nProperty taxes are not "sold", they are paid in semi-annual installments by the title holder of the property.\n\nThe property may be sold as a result of default (nonpayment) of property taxes and is usually done so at auction to the highest bidder.  Then it becomes the property of that person, a tax sale deed is recorded in county records to evidence the transfer and the sheriff will remove any occupants once eviction proceedings occur.  \n\nThe title holder of the property may pay off bonds that are taxed on the property too.  This just lowers the annual property tax assessment by the amount of the bond payments.\n\nThe only other and final answer I can think of is when the title holder attempts to acquire land patents from the state and federal governments in order to hold the land alloidally.  In such case, the title holder pays off all bonds and pays property taxes for 99 or 100 years and is removed from the property tax and property assessment rolls and is free from zoning and other regulatory oversight.  Unusual, long process when and if it is allowed.
1061024
I would be interested but im pretty sure that even though that you have the deed to the property doesnt the government have to make the final determination of whom can buy there.\nI remember something to that nature my ex saying.
662555
Contact your real estate broker, they're usually experienced with things like this.\n\nMy understanding is that usually there's a clause in the selling agreement that if the buying party can not full fill the payment required the transaction may be canceled.
306776
Yes, it very well could.  You need to come to some agreement, like them paying you that that section of property.
207299
Lease the land if you want an immediate begin to profits. Otherwise, depending on the economic development of the area, it may be best to just keep the land cleared and wait. It's value may increase greatly and you can then sell. The best thing would be to talk to a real estate developer.
145694
well, generally they lease commercial buildings (defined period with contract) not rent, and your local realtor can help you with this since lots of major realty companies list these "commercial lease buildings".\n\nif you were looking to buy an ongoing business, such as a spa or beauty salon, then your best bet is to start in the major newspaper's classifieds "businesses for sale" section.  There are also a few firms that specialize in buying and selling of businesses only, but i don't know where you are, nor can i recall any names at the moment.  try searching for " sell your business" on the net, maybe you'll get some compnanies that specialize in that.  good luck!
574319
If you discover the mine and have legal right to the property and mineral properties (many people don't know that they can own land but not what's underneath it) then you can sell these rights to a mining company.  There is no percentage unless you state that in the contract selling the rights to the mining company.
300070
I'm afraid not.  Real Estate agent is not considered a small business.  Now if you owned the realty office, then they could.
790336
Really complex area - some boffins spend all their lives looking into this.\n\nThe abbreviated answer is:\n* Yes, definitely if the property is less than three years old\n* Maybe if the property is more than three years old\n\nTechnically if a property is more than three years old it is exempt from VAT but the seller can waive this exemption (known as 'opting to tax') if they wish.  This will mean 17.5% VAT is charged on the sale (which the seller doesn't get to keep).  The reason the seller might do this is becuase if they sell a building and charge VAT they're allowed to reclaim VAT on any related costs (such as legal fees).\n\nOnce a building is 'opted' you can't change that status even if it changes hands. Therefore the next time its sold on VAT would have to be charged on the sale.\n\nThese rules only apply to commercial property - not residential.\n\nTrust me - get an accountant/tax adviser to assist - really complex area.
1036765
i am in AZ and local law and custom will prevail.  what you have is adverse possession.  these things are controlled by time frames such as to close the Ingres/egress off it needs to be open and notorious and done like for 24 hours every 7 years.  there should be a time frame in the 7 to 10 year range that they would have had to close off physical access.  physical access is different then legal access.  most areas require physical access to all lots.  your best bet is to contact first a local real estate broker who specializes in land not in houses, it will be under commercial real estate in the phone book. he can answer most questions. but you will be in court to get it done, and the real estate guy will know the right lawyer.  this is a highly technical area of law make sure you get someone who does this for a living, a divorce lawyer will not be much good
1000728
I never heard of that.  When you sell a property and the tenants have a lease, the lease is a legal contract and cannot be terminated until the ending date.  Unless the tenant has not followed all the rules of the lease, like not paying rent or destroying property then the contract is legally binding to anyone who buys that property.  I suggest you read your lease over again.
362259
Yes, however in order to completely get out of paying any real estate commission, you would need to sell as "sale by owner" and not offer real estate commission when advertised.\n\nOtherwise, if you list your home in the standard listing service for your area, you would only pay half of the commission you normally would.
1043738
depends on your state. In mine, it is 30 days if the property was sold.
839169
This question screams for a lawyer.\n\nIf both businesses are sole proprietorships, you could make the case that you had sold the business to him to make good your rental debts. Technically, in a transaction like this, the buyer of a company takes on both the assets AND the liabilities... Unfortuantely this sounds like a sales contract was not drawn up.\n\nI suggest, since you're obviously not rich, that you at least seek some pro bono guidance from a legal clinic. Good luck.
1004006
Not sure exactly what you are asking, but some banks will extend a sort of 'line of credit' for buying realestate. Thes notes are good for a limited amount of time before the real estate must be moved to permanent financing. Selling the property frees up dome of the 'line of credit'
900498
Its not on www.rightmove.co.uk, but it may be a private sale.\nHe shouldn't be able to sell it without your permission though, if you are joint owner.