Option to purchase on property donation.

Option to purchase on property donation.

Forum topic posted in Forum on 28 July 2009| comments
audience: | last updated: 28 July 2009
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P D
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Joined: 08/09/2008
Points: 180
Our 501c3 was just offered a commercial property valued at $650,000, but the the donor wants to have the option to purchase the property back after 10 years for $1. Can this be done? I never heard of this before. Thanks, Paul

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