Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Is a property leased to a farming tenant a commercial property or an agricultural property? What about a building leased to a government entity? The distinction can make a difference in the tax laws that apply to the parcel.
In the recent Arizona case of 100 Val Vista v. Penal Cty, 2019 Ariz. App. LEXIS 564 (6/22/2019), the contrast between what is a commercial property and what is agricultural property affected the tax assessment on the land in question and led to a dispute between the property owner/landlord and the County of Pinal, AZ (the County), over how the leased property should be categorized. Was it agricultural land, or had it become commercial property by the action of leasing it to another for a profit?
Larry Yount and 100 Val Vista/Montgomery LLC and others, (collectively Landlord of landowner), as the owners of 2,000 acres of cattle grazing land in Pinal County, leased the land to cattle rancher Charles Bush and his ranching operation, known as Rancho Asueno. Tenant Bush used the leased property not for primary grazing land but as a sort of "insurance policy" — he could move his cattle from their primary grazing land to the leased property if food for the animals became scarce. The leased property was not contiguous with Bush's primary cattle-grazing land, but he and his Rancho Asueno ranching enterprise took care of the leased land by keeping its fences mended and performing other maintenance chores. From 2011 onward, Bush sublet the property to another ranching operation, and that rancher ran its cattle on the property.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.