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HB13550CHAPTER 15: MANAGING CUSTODIAL AND RED PROPERTY15.1OVERVIEWThe Agency assumes management responsibility for 2 types of properties: custodial and real estate owned (RED). Custodial property
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Real estate consists of land, buildings, and other fixtures.
Individuals who own real estate property are required to file.
You can fill out a real estate form by providing accurate information about the property such as address, value, and ownership details.
The purpose of real estate forms is to report ownership and value of properties for tax and legal purposes.
Information such as property address, value, and ownership details must be reported.
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