Property sold as "going concern"?

Discussion in 'The Buying & Selling Process' started by Daniel007, 11th Nov, 2015.

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  1. Simon Hampel

    Simon Hampel Founder Staff Member

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    Maybe they are worried about squatters and so have a "going" concern that people won't leave?
     
    Simon Hampel, 12th Nov, 2015
    #21
  2. Azazel

    Azazel Well-Known Member

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    That just might do it!
     
    Azazel, 12th Nov, 2015
    #22
  3. Tekoz

    Tekoz Well-Known Member

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    Is it the same as Distressed sale or Fire sale ?
     
    Tekoz, 15th Nov, 2015
    #23
  4. Scott No Mates

    Scott No Mates Well-Known Member

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    It may be a government owned property and occupation has to be continuous to bar a native title claim?
     
    Scott No Mates, 15th Nov, 2015
    #24
  5. hathro

    hathro Member

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    It's likely they are using the wrong terminology. Doesn't really apply to residential property.

    Going concern is a basic underlying assumption in accounting. The assumption is that a company or other entity will be able to continue operating for a period of time that is sufficient to carry out its commitments, obligations, objectives, and so on.
     
    hathro, 17th Nov, 2015
    #25
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