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The document is a resolution adopted by the shareholders and/or directors of a corporation authorizing specific corporate officers to take necessary actions for purchasing a specified real property. It includes details about the property, terms, and price, along with certification from the Secretary confirming the resolution's adoption.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is a refrigerator real property?

In this sense, real property obviously includes the home itself, along with other structures, such as a detached garage or barn, etc. It typically includes fixtures inside the home, such as lighting, faucets, built-in appliances, garage storage or racks, even curtain rods.

What is a real property document?

A property deed is a legal document that transfers real estate ownership from a seller to a buyer. Its not the same thing as a title. For a deed to be legal, it must state the name of the buyer and the seller, describe the property being transferred, and include the signature of the party transferring the property.

What are 4 examples of property?

There are four basic properties of numbers: commutative, associative, distributive, and identity. You should be familiar with each of these. It is especially important to understand these properties once you reach advanced math such as algebra and calculus.

What is an example of a personal property?

Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Digital assets, patents, and intellectual property are intangible personal property.

How do I convert my personal property to real property?

Generally, the procedure involves surrendering the certificate of title or manufacturers certificate of origin and then filing an affidavit in the local county land records. Typically, the manufactured home must be permanently affixed to the land, a concept often specifically defined.

What is the real property transfer tax in Georgia?

The real estate transfer tax is based upon the propertys sale price at the rate of $1 for the first $1,000 or fractional part of $1,000 and at the rate of 10 cents for each additional $100 or fractional part of $100.

What is an example of a real property?

Land: The most basic form of real property is the land itself. This doesnt just refer to the surfacethe rights can extend below and above, including mineral rights and air rights. Buildings and Structures: Any buildings, homes, or other structures that are permanently affixed to the land are considered real property.

Is a computer an example of real property?

Personal property is property that is not permanently affixed to land: e.g., equipment, furniture, tools and computers. Personal property taxes are assessed only on property that is used in business.

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