You will be treated you like royalty my friend...It wouldn't hurt to take Starbucks with you at closing.

I have used appraised gold, silver, diamonds, notes and oil royalties, with an appraised value on deposit with an SKR as Tay mentioned with a letter of credit or a trade value stated where the bank would provide good funds.

The problem is cash is king and when some people want to feel like 'royalty', they pretend to be cashbuyers to get people emailing / calling them with deals knowing that they won't or can't close only to go the 52 fake out route in the end.

Passive income such as interest (hard money loan), rent from real property, dividends and royalties is not subject to UBIT.When a tax-exempt entity receives trade or business income, such as a split of the profits on a business transaction like flipping a house, then that business income is subject to UBIT.The intent of the law is to retain a level playing field for tax-paying businesses, by imposing a cost on tax-exempt entities when they compete with tax-paying businesses by conducting commercial activities.

Definitely do as the others say and update the lease so you get royalty.

Just don't forget to send me some royalties once you made it big.  

Even though you did not know him and it was not from any guru site, my point there was the cost factor.He got his "notes" written down about the subject published and he recieved a royalty from you purchasing that book.

Junk bonds and Canadian Oil Royalty Trusts, for example.

Citezens energy has release forms for property owners, instillation contractors, and developers to sign off on ownership of the underground infrastructure to the utility company to effectivly eliminate royalties like mentioned above and also to eliminate contractors from filing property liens due to unpaid installation expences.This discovery leads me to believe the utility is trying to protect their monopoly.

Then Oil royalties, Real Estate or what I call alternative investments.