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LSDefine

Simple English definitions for legal terms

income property

Read a random definition: testamentary succession

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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got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
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