For each parcel of non-homestead real property where a deed has not been recorded with the county clerk of court documenting a change of ownership or control, the person or entity who acquires the parcel may have to complete a form similar to this and send it to the property appraiser of the county where the property is located.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Rhode Island Notice of Change of Ownership or Control Non-Homestead Property: What is it and its Different Types Introduction: The Rhode Island Notice of Change of Ownership or Control Non-Homestead Property is an essential legal document that must be filed with the appropriate government authority when there is a change in ownership or control of non-homestead property in the state of Rhode Island. This notification is required by law to ensure that the relevant authorities are informed about changes that may affect property taxes, assessments, and other governmental considerations. Types of Rhode Island Notice of Change of Ownership or Control Non-Homestead Property: 1. Commercial Property: The Notice of Change of Ownership or Control must be filed for non-homestead commercial properties that have changed ownership or experienced a change in control. This includes office buildings, retail outlets, industrial facilities, and any other commercial property that does not fall under the category of homestead property. 2. Vacant Land: Any non-homestead vacant land that is sold or transferred to new ownership or control requires the submission of the Notice of Change of Ownership or Control Non-Homestead Property. This includes both developed and undeveloped land that is not being used for residential purposes. 3. Rental Properties: When there is a change of ownership or control concerning non-homestead rental properties, landlords or property owners must file the Notice of Change of Ownership or Control. This encompasses all non-homestead residential properties that are rented out to tenants, such as apartments, condominiums, or single-family rental homes. 4. Commercial Rental Units: Any non-homestead commercial rental units, such as offices, retail spaces, industrial units, or storage facilities, that have changed ownership or control require the submission of the Notice of Change of Ownership or Control Non-Homestead Property. 5. Mixed-Use Property: Mixed-use properties, comprising a combination of commercial and residential spaces, fall under the Notice of Change of Ownership or Control Non-Homestead Property. If the non-homestead mixed-use property undergoes a change in ownership or control, the appropriate notice must be filed. Key Benefits and Guidelines for Filing: 1. Compliance: Filing the Notice of Change of Ownership or Control Non-Homestead Property ensures compliance with Rhode Island state laws and regulations governing property ownership and taxation. 2. Property Tax Assessment: By filing this notice, property owners provide the tax assessors with up-to-date information regarding ownership changes, enabling accurate property tax assessments based on the new ownership or control. 3. Avoid Penalties: Failure to file the required notice may lead to penalties, fines, or other legal consequences. It is crucial to adhere to the guidelines and timelines set by the state authorities. 4. Process and Timeline: The Notice of Change of Ownership or Control Non-Homestead Property must be filed within a specific timeframe (usually within 30-45 days) from the date of transfer or change in control. Property owners must complete the form provided by the relevant government authority and submit it along with any required supporting documents and payment of applicable fees. Conclusion: The Rhode Island Notice of Change of Ownership or Control Non-Homestead Property is a legal requirement that property owners must fulfill when there is a change in ownership or control of non-homestead properties. Determining the correct type of notice to file, whether for commercial, vacant land, rental properties, commercial rental units, or mixed-use properties, is essential to ensure compliance with state laws and avoid potential penalties. Property owners should carefully follow the guidelines and deadlines provided by the appropriate government agency for a smooth and hassle-free filing process.
