Prorating real estate taxes at closing of sale of shopping center property

Article Abstract:

Issues surrounding real-estate-tax prorating at shopping center sale closings remain unsettled. Sellers should consider these issues before reaching the closing table. The disadvantages that result from prorating on an accrual basis, when leases are written on a payable basis, can be exaggerated. Reasonable and informed parties should be able to compromise on these issues.

Lessors of Nonresidential Bldgs, Lessors of Nonresidential Buildings (except Miniwarehouses), Stores in Shopping Centers, All Other Miscellaneous Store Retailers, Management, Purchasing, Retail stores, Real estate, Commercial building landlords, Real property, Shopping centers, Real property tax, Real property taxes

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Internet reduces the time before lease-up or sale of office properties

Article Abstract:

The report was prepared to analyze the data, which indicated that the mean time on the Internet market before lease-up or sale of an office property is shorter than the corresponding time in traditional market. The study concluded the brokers could benefit by online listing because the listing would allow them to recognize office market opportunity faster.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Analysis, Online services, Internet services, Cable television/data services

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Dealing with approval contingencies in agreements of sale

Article Abstract:

Sellers and buyers of commercial property that is to be developed often give surprisingly little thought to sales agreement provisions regarding the contingency of the sale on the receipt of necessary approvals. Information on how such provision can be used to protect both sellers' and buyers' interests is presented.

Land Subdivision and Land Development, Subdividers & Developers, Interpretation and construction, Real estate developers, Conditional sales contracts

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