The Eleventh Circuit held that a real estate developer's sale of his rights in a lawsuit regarding a land sale contract
produced capital gain rather than ordinary income, reversing a holding of the Tax Court.
In spring 2012 Ely Bridge Development Company (EBDC) was formed as a joint venture partnership between the Welsh Government and Principality Building Society, and the company entered into a conditional land sale contract
to purchase the property.
Closing documents included a land sale contract
between JJC as seller and the LLC as purchaser and a mortgage from the LLC to the issuer, which was assigned to the trustee.
For a land sale contract
to be binding, legislation requires that it must be signed in writing incorporating "all the terms which the parties have expressly agreed" and it is for this reason that the expression "sold, subject to contract" has arisen.
Hartvigson: Plaintiff alleges breach of land sale contract
TMG's $3 billion Madinaty project, which makes up the bulk of its land bank, has been caught in the legal dispute since September, when a court upheld a ruling to scrap the land sale contract
because it was not publicly auctioned.
In fact, from 1850 to 1950, the land sale contract
was a major method of land conveyance in the United States.
Palm Hills Development, which is linked with the family of former Housing Minister Ahmad Maghreby, had an earlier land sale contract
recently annulled by a Cairo court but is expected to appeal.
Egypt's Misr Aswan Tourism said on Sunday its shareholders agreed to scrap a land sale contract
with the country's second-biggest listed property firm, Palm Hills Developments, and return money from the sale.
USA) has executed a land sale contract
to purchase approximately 90 acres at Flagler Center on which it intends to construct approximately 500,000 square feet of office and production space.
There is also another case filed to indict Palm Hills on a 960,000 sqm land sale contract
, which an Egyptian legal panel ruled that the state land sale between the New Urban Communities Authority and Palm Hills was illegal and ordered it scrapped.
As part of its 2008 land sale contract
with the city, Arlie agreed to give the city $600,000 in cash to build trails and other amenities on the corridor.