When a property up for auction is passed in, this means the top bid hasnt met the vendors expectations (i.e. it isnt as high as they were hoping for). If this happens, the highest bidder will be asked to step inside to carry out private negotiations with the vendors real estate agent.
What is a property card used for?
The front of the card contains property identification, construction details, and other elements that are used to describe and value the property. The back of the card contains basic definitions as well as a factual error report that can be returned to the Commissioner of Revenue for correction.
What are the risks of buying government property?
Buyers may discover restrictions on land use, zoning regulations, or environmental protections that docHubly devalue the property or limit its development potential. Additionally, government agencies may impose unforeseen fees, taxes, or assessments on the land, further eroding its financial viability.
What is a property pass?
This pass is to be used whenever property is removed from the building. It is to be properly filled in, signed, and handed to the guard when leaving the building.
What is a property removal pass?
This pass is to be used whenever property is removed from the building. It is to be properly filled in and signed and handed to the guard when leaving the building.
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Oct 14, 2020 Information Form Number: OF7 Current Revision Date: 10/2020 Authority or Regulation: Download file [PDF - 644 KB] Search for another form.
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