§ 1631.16 Using real estate purchased with LSC funds
§ 1631.17 Maintenance
§ 1631.18 Insurance
§ 1631.19 Accounting and reporting to LSC
§ 1631.20 Disposing of real estate purchased with LSC funds
§ 1631.21 Retaining income from sale of real estate purchased with LSC funds

Terms Used In CFR > Title 45 > Subtitle B > Chapter XVI > Part 1631 > Subpart E - Real Estate Management

  • Appraisal: A determination of property value.
  • Contract: A legal written agreement that becomes binding when signed.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Personal property: All property that is not real property.