Real Estate

This article provides basic information on whether a Georgia nonprofit organization should accept a charitable donation of real estate, including some of the important questions to ask when considering accepting a donation.

Your organization has grown and you now need your own building, or a bigger building, and you have the funds to buy rather than rent. You’ve bought a house before, or have at least seen people do it on TV, and it seems so simple! Surely buying a commercial building isn’t much different? Unfortunately (unless you’re a real estate lawyer!), the process of buying a commercial building can be complicated. Certain pitfalls, if not avoided, could leave you with no building (and/or no money) to show for all your hard work. So, don’t miss this informative workshop for a broad overview of:

• Reasons to buy vs. rent.
• Key issues to negotiate in your purchase contract.
• Due diligence for buying a building.
• Common pitfalls to avoid in the diligence process.
• The closing process.
• Common ownership risks and ways to avoid them.

Presenter:
David Burch, Morris, Manning & Martin, LLP

Click here for webcast.

This article provides basic information regarding whether a nonprofit organization’s owned real property is exempt from Georgia’s property tax, how to apply for property tax exemption, and best practices for maintaining that exemption.

Leases are often long documents in “legalese” that non-lawyers fall asleep trying to read. Many nonprofits have leases they don’t understand, are considering trying to renegotiate their leases, or have donated space arrangements and no written agreement regarding the parameters of the arrangement. With times being tough, it’s important to understand the “legalese” in a lease agreement.

During this one hour webinar, our speaker helps nonprofits understand:

• The pros and cons of a lease
• What terms should be included in a lease
• How to negotiate a lease
• How to renegotiate a lease
• How to terminate a lease

Presenter: David Reid, Sutherland