An easy and typically free way to find a commercial property owner is to lookup a property using your local tax assessor website. Most tax assessor websites have a search feature that allows you to search by property address or parcel number.
What is a commercial purchase?
A commercial purchase agreement allows for a seller to make a deal with an eligible buyer to transfer ownership of their real estate in exchange for cash or other trade. The buyer will commonly be required to deposit earnest money, known as “consideration”, in order for the contract to be valid.
Do commercial landlords have to register?
When does a commercial lease need to be registered? Modern commercial leases are normally required to be registered if they’re granted for a period of more than seven years. If the period is for less than seven years, then registration typically isn’t needed. This is the case for both sub-leases and head-leases.
Who is responsible for registering a lease?
Leases for more than seven years must be registered with the Land Registry, and it’s usually the tenant’s responsibility to complete that registration. If they fail to do so within two months of completion, it is not a valid legal lease and only takes effect as an agreement for a lease (a contract).
What was the name of the company that went bankrupt in 2008?
September 15, 2008: Lehman Brothers went bankrupt after the Federal Reserve declined to guarantee its loans, causing the Dow Jones to drop 504 points, its worst decline in seven years. The same day, Bank of America purchased Merrill Lynch. September 16, 2008: The Federal Reserve took over American International Group.
What was the Emergency Economic Stabilization Act of 2008?
October 3, 2008: Congress passed the Emergency Economic Stabilization Act of 2008. November 25, 2008: The Term Asset-Backed Securities Loan Facility was announced. December 16, 2008: The federal funds rate was lowered to zero percent. January 2009: Two of the three Big Three automobile manufacturers received a bailout from the TARP program.
How did lax regulation allow predatory lending in the private sector?
Lax regulation allowed predatory lending in the private sector, especially after the federal government overrode anti-predatory state laws in 2004. The Community Reinvestment Act (CRA), a 1977 US federal law designed to help low- and moderate-income Americans get mortgage loans encouraged banks to grant mortgages to higher risk families.
