Investment

http://www.floridarealtors.org/MediaLibrary/media.cfm?id=303102

What does the term "EtUx" beside my husband's name on the property bill mean?

What does the term "EtUx" beside my husband's name on the property bill mean? EtUx is a Latin phrase meaning "and wife." The phrase "EtVir" means "and husband," EtAl means "and others."

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DebbieSmall

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Real estate

http://www.businessobserverfl.com/section/detail/arlington-at-northwood-sells-for-36m/

Why Brass?

Brass doorknobs disinfect themselves. It's called the oligodynamic effect: Ions found in brass have a toxic eliminating effects on spores, fungi, viruses, and other germs in as little as eight hours. If you know anyone that needs the services and guidance of a real estate professional, please call me first and I will make sure they receive top notch service.

Home Buying: Some of the terms and abbreviations used can be confusing. I was just recently about ADOM and CDOM. ADOM means the Average Days on the Market that property was listed and CDOM means the cumulative Days on the Market that a property was on the market. Example: A home was listed for 90 days and received no offers. The listing expired or the Seller removes the property from the market. Then the Seller re lists the property. The new listing will show the Average Days on the Market for the "run" as related to that particular listing period. However, the CDOM will report the cumulative days on the market counting the days listed not starting with the first day of listing regardless of the agent or brokerage offering the listing. This might read 2 days ADOM and 92 CDOM since the property was first listed. I am always here to answer any real estate questions you may have. You can reach me at 727-599-4958 or email at debbiesmall.net@gmail.com my website is www.debbiesmall.net Remember, "it's A SMALL World!" DebbieSmall, Realtor®

DebbieSmall

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What is an LLLP?

What is an LLLP? Limited liability limited partnership From Wikipedia, the free encyclopedia Companies law The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership, a form of business entity recognized under U.S. commercial law. An LLLP is a limited partnership and as such consists of one or more general partners and one or more limited partners. The general partners manage the LLLP, while typically the limited partners only have a financial interest. The difference between an LLLP and a traditional limited partnership lies in the general partner's liability for the debts and obligations of the limited partnership. In a traditional limited partnership the general partners are jointly and severally liable for its debts and obligations; limited partners are not liable for those debts and obligations beyond the amount of their capital contributions. In an LLLP, by having the limited partnership make an election under state law, the general partners are afforded limited liability for the debts and obligations of the limited partnership that arise during the period that the LLLP election is in place. Certain LLLP elections take the form of a limited partnership electing to be a limited liability partnership (this is the format used in Delaware, for example) while in other states the election is made in the certificate of limited partnership (examples being Florida, Hawaii and Kentucky). Most states require that an LLLP identify itself in its name, but those requirements are not universal. Because the LLLP is so new, its use is not widespread. Arkansas, Arizona, Colorado, Delaware, Florida, Georgia, Maryland, Nevada, Texas, and Kentucky have all adopted statutes that allow formation of an LLLP, usually as a conversion of an existing limited partnership (the general partners might want to do this to reduce their legal liability). The filing fees of an LLLP vs. a limited partnership are at times higher. In the case of Nevada, the Secretary of State charges $75 to register a limited partnership and $100 to register an LLLP. Additionally, the initial and annual report filing for an LLLP in Nevada is $175 vs. $125 for a limited partnership. Conversely, in Kentucky the filing fee for a limited partnership is no higher if the partnership elects to be an LLLP. LLLPs are most common in the real estate business, although other businesses can also use the form, for example, CNN. There are significant questions about whether the limited liability provided to general partners by the LLLP election will be effective in states that do not have an LLLP statute. States with LLLP enabling statutes[edit] Alabama Arizona Arkansas Colorado Delaware Florida Georgia Hawaii Idaho Illinois Iowa Kentucky Maryland Minnesota Missouri Montana Nevada North Carolina North Dakota Oklahoma Pennsylvania South Dakota Texas Virginia Washington US Virgin Islands Though California does not have a state statute allowing formation of an LLLP, it does recognize LLLPs formed under the laws of another state. While registering an LLLP formed in another state in California will trigger the annual franchise tax of $800—the same as other entities formed in California [1]—the statute[2] governing whether a LLLP must register is somewhat less inclusive than the statute[3] for out-of-state LLCs. Illinois, though not having an enabling statute, does allow formation of an LLLP under RULPA (Revised Uniform Limited Partnership Act).

What is a CDD?

In addition to and HOA, some neighborhoods also have a CDD. Today I was asked what CDD stands for and exactly what it is. Here you go: A Community Development District (CDD) is a local, special purpose government framework authorized by Chapter 190[1] of the Florida Statutes as amended and is an alternative to municipal incorporation for managing and financing infrastructure required to support development of a community.[1] Authority for CDDs was established by Florida's "Uniform Community Development District Act of 1980". The legislation was considered a major advancement in managing growth efficiently and effectively. Although CDD's provided a new mechanism for the financing and management of new communities, their operation was consistent with the regulations and procedures of local governments, including state ethics and financial disclosure laws for CDD supervisors.[2] All meetings and records must comply with the Florida Sunshine Law and an annual audit is also required.[2] As of 2012, Florida had over 600 CDDs with municipal bonds totaling $6.5 billion. Nearly three-quarters of them were established during the housing boom years between 2003 and 2008. The developer makes payments to the CDD for all properties in the district that they own. As long as new homes were selling, they had the money to cover that expense. When the bottom dropped out of the housing market in 2008, property sales in CDDs plummeted, as did developer income. Many developers did not have cash reserves to cover more than a year of CDD payments, so they had no choice but to declare bankruptcy, and 168 CDDs have defaulted on municipal bonds valued at $5.1 billion.[3] County politicians endorse them because they increase property values (plus taxes) and create infrastructure without cost to government. Developers love them because they don't have to use their own money to pay for all the development infrastructure up front. Residents like them because the initial price of their property should be lower due to deferred infrastructure costs.[4] The theory behind CDDs holds that services and public facilities used by residents and landowners will be available early in the development process, and are controlled by those who use them, and are paid for by self-imposed assessments and fees. Because the CDD is controlled by the landowners/residents, the decision of what services are offered and which facilities are constructed is up to the landowners/residents, not the developer. The cost of capital for CDDs is lower than that of the developer, saving money. Services can be bid out to private companies or provided by the CDD, and residents are not at the mercy of developer-owned enterprises.[2][4]

Chess

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