7.2 Conditional Property Title Transfer

7.2 Conditional Property Title Transfer

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3 years 6 months
Submitted by jon.suggs@doas… on

“Direct Negotiated Sales” to donees are technically a donation with a service charge. This stems from the fact that transfer of property title (ownership) does not occur until certain conditions are met as stated in Section 6.3. Property title transfers to public buyers as soon as payment is received, and the item is removed. 

The following chart describes the conditional restriction period:

Property FromProperty ToTitle Transfer Restrictions
StateStateNone
StateLocal GovernmentAfter 12-month restrictions are met
StateNonprofitAfter 12-month restrictions are met
StatePublicNone
FederalStateRestrictions based on property
FederalLocal GovernmentRestrictions based on property
FederalNonprofitRestrictions based on property