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The merchants held a lien on the cotton crop, and the merchants and landowners were the first ones paid from its sale. What was left over went to the farmer. What was left over went to the farmer. The system ended in the 1940s as prosperity returned and many poor farmers moved permanently to cities and towns, where jobs were plentiful because ...
An Illinois mansion formerly owned by R. Kelly and recovered by one of The Isley Brothers is up for sale. The home is gargantuan, measuring more than 21,000 square-feet atop a 3.7 acre lot.
Private landowner assistance program (PLAP) is a class of government assistance program available throughout the U.S. for landowners interested in maintaining, developing, improving and protecting wildlife on their property. Each state provides various programs that assist landowners in agriculture, forestry and conserving wildlife habitat ...
A royalty payment is a payment made by one party to another that owns a particular asset, for the right to ongoing use of that asset. Royalties are typically agreed upon as a percentage of gross or net revenues derived from the use of an asset or a fixed price per unit sold of an item of such, but there are also other modes and metrics of compensation.
The royalty paid is a function of the net value of the proceeds from the sale of the oil, gas, or other substance, multiplied by the owner's revenue interest decimal, less any amounts deducted for taxes or other deductions. [17] The revenue decimal used to calculate the amount of an owner's royalty check is calculated with the following ...
New Jersey's historic Crocker Mansion in Mahwah was officially put back on the market this month after it was seized from a billionaire fraudster in 2023. The 120-year-old estate at 675 Ramapo ...
As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2]
The nonprofit company served 12 communities of independent living, assisted living and long-term health services for seniors across Illinois, Indiana, Iowa and Missouri.