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Ocean City Today JUNE 6, 2014 PAGE 77 PUBLIC NOTICES Rosenberg & Associates, LLC 7910 Piedmont Avenue, Suite 750 Bethesda, Maryland 20814 (301) 9078000 www.rosenbergassoc.com SUBSTITUTE TRUSTEES
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If applicable, provide information about any recent renovations, additions, or repairs made to the property. Include documentation or receipts as evidence, if required.
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Property buyers: Individuals or companies looking to purchase real estate can benefit from improved properties as they offer added value, amenities, or a higher-quality condition compared to other properties.
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Real estate developers: Developers often seek improved real property as it allows them to save time and resources on construction and renovation. They can focus on enhancing the existing improvements or adding new ones to maximize return on investment.
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Banks and other lending institutions: Improved real property serves as collateral for loans, offering additional security to lenders. Therefore, banks are interested in properties that have been improved and enhanced.
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Improved real property refers to land and any structures or fixtures permanently attached to it that have been enhanced or upgraded in some way.
Property owners or designated representatives are typically required to file information on improved real property with the relevant authorities.
To fill out information on improved real property, you will need to provide details about the land, structures, fixtures, and any enhancements made to the property.
The purpose of reporting improved real property is to ensure that accurate records are maintained for tax assessment, property valuation, and land use planning purposes.
Information to be reported on improved real property may include details about the property location, size, improvements, and ownership.
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