Albuquerque New Mexico Commercial Property Sales Package

State:
New Mexico
City:
Albuquerque
Control #:
NM-P021-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



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FAQ

The Common Registration Scheme identifier (CRSid) is a person's unique username that is widely used (and re-used) for a user's lifecycle management throughout his/her affiliation with the University.

2) All owners of New Mexico businesses registered as a Partnership, Limited Liability Company or CORPORATION must obtain a New Mexico CRS Tax ID number.

CRS number means the New Mexico tax identification number issued by the New Mexico taxation and revenue department that is used for reporting gross receipts, compensating, and withholding tax.

During registration, each business will be provided with a State Tax ID number, also known as a Combined Reporting System (CRS) ID Number.

2) All owners of New Mexico businesses registered as a Partnership, Limited Liability Company or CORPORATION must obtain a New Mexico CRS Tax ID number.

New Mexico CRS Identification Number and Filing Frequency If you are already registered with the New Mexico Taxation and Revenue Department,, you can find your CRS Identification Number and filing frequency online or on correspondence from the New Mexico Taxation and Revenue Department.

A Nontaxable Transaction Certificate (NTTC) obtained from the Taxation and Revenue Department allows you as a seller or lessor to deduct the receipts from qualified transactions from your gross receipts.

The Taxation and Revenue Department replaced its Combined Reporting System (CRS) in 2021 with a system that features separate returns for withholding, gross receipts and other business tax programs.

Form TRD-41406, New Solar Market Development Tax Credit Claim Form, is used by a taxpayer who has been certified for a new solar market development tax credit by the Energy, Minerals and Natural Resources Department (EMNRD) and wishes to claim the credit against personal or fiduciary income tax liability (Section 7-2-

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Albuquerque New Mexico Commercial Property Sales Package