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LSDefine

Simple English definitions for legal terms

income property

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A quick definition of income property:

Income property: A type of property that makes money, like a rental property. When someone owns an income property, they can rent it out to others and make money from the rent payments. It's like having a job where the property is the boss and pays the owner instead of the other way around.

A more thorough explanation:

Definition: Income property is a type of property that generates income, such as rental property. It is a form of investment that can provide a steady stream of income for the owner.

Example: An example of income property is an apartment building that is owned by an individual or a company and rented out to tenants. The owner collects rent from the tenants, which is the source of income for the property. Another example is a commercial property, such as a shopping center or office building, that is leased to businesses.

Explanation: Income property is a valuable asset for investors who want to generate passive income. The examples illustrate how income property can be used to generate income through rent payments. The owner of the property is responsible for maintaining the property and ensuring that it is attractive to tenants. In return, the tenants pay rent, which provides a steady stream of income for the owner.

income in respect of a decedent | income-shifting

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18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
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