Grant & Mahoney Partners, LLLP, a Virginia limited liability…
Grant & Mahoney Partners, LLLP, a Virginia limited liability limited partnership, owns Tolliver Luxury Apartments in Clearwater. There are 250 one-bedroom, 300 two-bedroom, and 100 townhouse units at the Apartments, as well as such as a pool, yoga studio, workout room, clubhouse, restaurant, small market, and reserved covered parking. In 2020 the Pinellas County Property Appraiser valued the Apartments for property tax purposes at $27,550,000. Grant & Mahoney’s CPA is preparing an estimate of its 2020 property tax amount due, and is waiting for the annual property appraisal and millage rate. The CPA needs that appraisal amount because the millage rate will be applied to each $ _______ of the Apartment’s appraised value. (Select one answer only.)
Read DetailsAfter Lyor Moss went to contract to sell his personal Orland…
After Lyor Moss went to contract to sell his personal Orlando, Florida residence to Annabeth and Leo McGarry, a newly married couple, Moss decided not to disclose that the plywood under many of his roof’s shingles were damaged, and leaked into the attic and onto the trusses every time there was rain or snow {What? Snow in Florida…?} The McGarrys had their real estate agent ask Lyor about the condition of the roof, who responds the roof is “Great. No worries”. When the McGarrys ultimately sue Lyor for the misrepresentation, the McGarrys will win the case because Lyor’s misstatement: (Select one answer only.)
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