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Updated over 5 years ago,

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4
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Sruthi Maganti
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4
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Splitting a commercial property

Sruthi Maganti
Posted

We own a commercial strip mall with 5 tenants in it. The building was further extended out and built as another space with its own entrance and utilities. We are contemplating selling the old building (with the 5 tenants) and just keeping the new extension. Can I legally sell it without a survey or platting? How would the property taxes and such be split in such cases? Are there any cons to this kind of an arrangement?

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