1993

Type

Subject

2.01b - Rents from Real Property - 75% Income Test - Permissible Services

Keywords

Administrative Services

Accounting and Bookkeeping; Collect and Deposit Rents; Deal with Taxes and Insurance; Fiduciary Duties, Director, or Trustee; Negotiate Leases; Solicit Tenants (Each May Not Be Present in All Rulings)

Construction/Improvements

Administrative Functions (Including Hiring and Supervision of Contractors; Obtaining Permits; Addressing Zoning Laws; Reviewing Plans; Ordering Materials)

Exercise Room/Health Club

REIT Employees (No Services)

Fire Protection Systems (Alarms, Sprinklers)

Insurance Coverage (Trustee Duty)

Maintenance, Replacement and Repairs

Security Systems

Storm/Sanitary Drainage

Office Property Services

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Tenant Charged Directly by REIT (Qualifying Income)

Permissible Tenant Services

Ruling by Property Type

Shuttle to Transportation

Rents from Real Property

Lease Space/Utilities to Service Provider

Parking Lot, for

Vending Machines, for

Security Services

Telephone Service

Lease of Space to Third-Party Operators

Generally (Electric, Gas, Water, Sewer)

Vending Machines

Space Provided to Third Parties

Year

Summary

***

Title

Guidance Tags

Referenced By

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What's a REIT?

REITs, or real estate investment trusts, are companies that own or finance income-producing real estate across a range of property sectors. These real estate companies have to meet a number of requirements to qualify as REITs. Most REITs trade on major stock exchanges, and they offer a number of benefits to investors.

Why Invest in REITs

REITs historically have delivered competitive total returns, based on high, steady dividend income and long-term capital appreciation. Their comparatively low correlation with other assets also makes them an excellent portfolio diversifier that can help reduce overall portfolio risk and increase returns. These are the characteristics of real estate investment.

About Nareit

Nareit serves as the worldwide representative voice for REITs and real estate companies with an interest in U.S. real estate. Nareit’s members are REITs and other real estate companies throughout the world that own, operate, and finance income-producing real estate, as well as those firms and individuals who advise, study, and service those businesses.