For many nonprofits, real estate is nothing more than a necessary operating expense. For others it is an investment that brings in additional revenue through either the sale or lease of property.
Whether you are the type of client that views real estate as just another necessary expense for your business, or, you view real estate as an investment, it often serves as a source of conflict with another property owner or party. Many times these situations were avoidable,, but were not given the proper amount of attention when the agreement was formed. Regardless, these situations should not be taken lightly and can be extremely costly and time consuming. If it involves the gifting of property to a charity or charitable trust, it is important to work with someone familiar with the “bigger picture” for this client.
The Williams Law Firm ensures that real estate transactions are approached with tax and other implications in mind. Areas that clients cannot afford to overlook include Fair Market Value for certain Health Care or Covered Entities (Stark Laws) and various tax effects implicated. As a former business valuation expert/analyst, as well as, economic development initiatives, Robert is very effective in handling such complex transactions.
Our Real Estate Services include:
- Advising on the sale and lease of residential and commercial property.
- Obtaining property tax exemptions or abatements.
- Handling all aspects of real estate transfers by gift or bequest.
- Assisting with financing and loan agreements.
- Handling or assisting with real estate closings
- Negotiation, Litigation, and otherwise establishing FMV Health Care Leases, Compliance with Stark Laws and Anti-kickback Statutes.
- Avoiding unrelated business income tax from real property investments.
- Obtaining court approval for the sale of property by religious corporations
- Obtaining court approval for the transfer of substantially all a nonprofits assets