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VACANT PROPERTY SUPPLEMENT PRODUCER: DONALD CADDIS COMPANY 150 S. Wacker Drive Chicago, IL 60606 NAME AND ADDRESS OF RISK: In order to be able to write your Vacant Building or Premises exposure, KFC

How to fill out vacant property supplement

How to fill out vacant property supplement:

1. Obtain a copy of the vacant property supplement form. This form can usually be found on the website of the local government or municipal authority responsible for property taxes.
2. Begin by entering the necessary property information, such as the address, parcel number, and property owner's name.
3. Indicate the reason for the property being considered vacant. This could include factors such as the property being under construction, being unoccupied due to renovation, or being uninhabitable.
4. Provide details about any existing structures on the property, including the number of units, type of construction, and any amenities or features. This helps assess the value and potential use of the property.
5. If applicable, specify the date when the property became vacant and the anticipated period of vacancy.
6. List any income received from the property during the vacant period, such as rental income or revenue from temporary usage. This helps in evaluating the financial impact of the vacancy.
7. Include any supporting documents that may be required, such as photographs of the property or rental agreements. These documents provide evidence of the property's condition, usage, and financial aspects.
8. Review the completed form thoroughly to ensure accuracy and completeness.
9. Submit the form to the appropriate local government or municipal authority by the given deadline. They will assess the information provided to determine any adjustments or exemptions that may apply to the property tax assessment.

Who needs vacant property supplement:

1. Property owners who have properties that are currently vacant or temporarily unoccupied.
2. Individuals who own properties undergoing renovation, construction, or other circumstances that result in temporary vacancy.
3. Owners of properties that are not habitable due to damage, safety concerns, or other reasons.
4. Landlords who have recently acquired a vacant property or are planning to rent it out in the future.
5. Owners of properties with existing structures that are not currently occupied or generating income.

For pdfFiller’s FAQs

What is vacant property supplement?

Vacant property supplement is an additional fee imposed on properties that are left unoccupied for an extended period of time.

Who is required to file vacant property supplement?

Property owners or landlords who have vacant properties are required to file vacant property supplement.

How to fill out vacant property supplement?

To fill out vacant property supplement, property owners need to provide information such as property address, reason for vacancy, and duration of vacancy.

What is the purpose of vacant property supplement?

The purpose of vacant property supplement is to encourage property owners to keep their properties occupied and in use.

What information must be reported on vacant property supplement?

Property owners must report details such as property address, reason for vacancy, duration of vacancy, and any plans for the property.

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