Get the free 2009 Governmental Agency Second Right of Refusal Listing

This document provides a listing of tax-foreclosed parcels available for purchase by governmental agencies in Michigan under specific conditions. It includes application instructions, parcel details,

How to fill out 2009 governmental agency second

How to fill out 2009 Governmental Agency Second Right of Refusal Listing

1. Obtain the 2009 Governmental Agency Second Right of Refusal Listing form from the appropriate governmental agency.
2. Read the instructions carefully to understand the requirements for completion.
3. Fill out the agency's name, address, and contact information in the appropriate sections of the form.
4. Provide the details of the property or properties involved, including the address, parcel number, and any relevant descriptions.
5. Indicate if there are any existing rights of refusal attached to the property.
6. Include any necessary documentation or attachments, such as maps or surveys, as required.
7. Review the form for accuracy and completeness to avoid delays.
8. Sign and date the form where indicated.
9. Submit the completed form to the specified governmental agency by the deadline.

Who needs 2009 Governmental Agency Second Right of Refusal Listing?

1. Local governmental agencies that may be interested in acquiring property rights.
2. Real estate developers or investors looking to understand their rights regarding property development.
3. Property owners who want to ensure compliance with governmental procedures.
4. Legal professionals assisting clients with property or land use issues.

People Also Ask about

How much is a right of first refusal worth?

What is the Right of First Refusal in Real Estate? A right of first refusal stipulation in a contract, lease agreement, or other formal real estate property agreement grants its holder the first opportunity to make an offer on a property and buy it if it goes on the market.

What is the second right of first refusal?

In the case where both the company and the major investors have them, it must be decided which party receives first priority. If the company has priority, then the investors are said to have the second right of refusal or secondary refusal right.

What is an example of a right of refusal?

A right of first refusal clause could apply to family members of the property owner. If an owner decides to sell a property, the ROFR stipulates that named relatives, like children or siblings, may have the first opportunity to buy the property and make an offer.

What is the second right of refusal?

The Second Right of Refusal A Second Right of Refusal is a provision that allows a specific party to purchase shares from shareholders if the holder of the ROFR declines to do so. For example, if preferred shareholders have a ROFR, it is not uncommon for the company itself to have a second right of refusal.

What is a 5 right of first refusal?

Key Takeaways A right of first refusal is a contractual right giving its holder the option to match or decline to match an offer on an asset before the owner can sell it to someone else. The ROFR assures the holder that they will not lose their right to an asset if others express interest in it.

For pdfFiller’s FAQs

What is 2009 Governmental Agency Second Right of Refusal Listing?

The 2009 Governmental Agency Second Right of Refusal Listing is a formal documentation required by governmental agencies that establishes a secondary right for the government to acquire a property or asset before it is sold or transferred to another party.

Who is required to file 2009 Governmental Agency Second Right of Refusal Listing?

Typically, organizations or individuals intending to sell or transfer property that may fall under governmental jurisdiction are required to file the 2009 Governmental Agency Second Right of Refusal Listing.

How to fill out 2009 Governmental Agency Second Right of Refusal Listing?

To fill out the 2009 Governmental Agency Second Right of Refusal Listing, individuals or organizations must provide necessary details such as the property's address, owner's information, and any related agreements or disclosures as required by the governing body.

What is the purpose of 2009 Governmental Agency Second Right of Refusal Listing?

The purpose of the 2009 Governmental Agency Second Right of Refusal Listing is to ensure that governmental entities have the opportunity to purchase properties that may be of interest to them for public use or development before they are offered to private buyers.

What information must be reported on 2009 Governmental Agency Second Right of Refusal Listing?

The information that must be reported on the 2009 Governmental Agency Second Right of Refusal Listing includes the property description, owner details, proposed sale terms, and any existing rights or covenants associated with the property.