Blackacre


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Blackacre

Mythical property used as an example in nearly all explanations of legal concepts relating to real estate,such as, “If A owns an undivided 1/2 interest in Blackacre… .” If more properties are needed, use Greenacre, and then Whiteacre.

References in periodicals archive ?
John bought Blackacre two years ago for $100,000, but since then it has failed to increase in market value.
The question about who has the lien on Blackacre can morph into the question of who owns Blackacre.
Blackacre will always be Blackacre, but citizenship changes via a process of continuous negotiation.
Cleaning up the property and the adjacent portion of the Hudson wasn't easy, given its former life as an industrial site and the high levels of pollutants in the river," says Paul Adler, co-managing director of Blackacre.
B agrees to purchase Blackacre and transfer it to A before the earlier of 180 days from date of transfer of Whiteacre or the due date for A's return for the tax year in which the transfer of Whiteacre occurs.
The once polluted site, bordering the Hudson River, was cleaned up by environmental remediation specialists Blackacre Partners Ops LLC, based in Westchester and New York City, and is now on the market as a film studio with an East Coast address.
He represented the firm in the combined sale of 111 Eighth Avenue, 95 Wall Street, 100 William Street and 99 Wall Street for $386 million to Blackacre Capital/Taconic Investment Partners.
For example, it focuses heavily on the travails of wealthy property owners, who own such luxurious estates as Blackacre.
Owned by real-estate investment firms Blackacre Capital Management and Skye Partners, BA Studios will lease office and soundstage space at the West Hollywood facility to production companies.
Example 3: C owns Blackacre, undeveloped real estate with an FMV of $990,000.
Example 1: Martin and Mary Jones owned Blackacre as joint tenants.