A stipulation that the lessee may encumber
its leasehold estate (use it for collateral when obtaining financing) without having to obtain the landlord's consent.
The smaller paintings on view (all Untitled) were more modest, as if it were not Bovasso's intent to encumber
any single sheet of paper with too much stuff.
Also, since the liabilities that encumber
the transferred properties exceed their basis, a taxable gain of $3.
The females probably have to carry the eggs for months, which would encumber
their swimming and raise the risk of getting caught by a whale or seal.
The bulk sale of non-performing mortgages and notes that encumber
three walkup apartment buildings in The Bronx.
the property (with his wife's consent).
Specifically, the Tax Court concluded that a partnership exists when (1) the co-owners or their agent performs services that are more than customary (such as arranging financing, collecting rents, preparing statements and purchasing and leasing equipment), (2) the co-owners' ability to sell, lease or encumber
either their undivided fractional interests or the underlying property is limited and (3) the co-owners share the property's profits and losses with the manager or agent.