Type PLR Subject 1.02 - Transferable Shares 1.05b - Excess Shares Plan 4.04 - Third Party Service Subsidiary (Preferred Stock Subsidiary) 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) Minor Improvement and Remodeling Performed by REIT Personnel Excess Shares Plans Outstanding Shares Transferable Shares Requirement Exercise Room/Health Club Management REIT Employees (No Services) Fees (Tenants and Service Providers) Common Area Maintenance Construction/Improvement Supervision Non-Qualifying Income From Tenants Exercise Room, Tenant Charge for Rent of Property, Charge Related to Lease to Third-Party Service Provider Courier Service Vending Machines Parking Service Industrial Properties Services Rulings Landscaping Maintenance, Replacement and Repairs Building, Exterior/Interior Electrical Systems and Fixtures Common Area Plumbing Systems and Fixtures Common to Property Percentage Rents Gross Revenues Permissible Tenant Services Ruling by Property Type Industrial Office Retail Recreational Facilities/Activities Activities Rents from Real Property Lease Space/Utilities to Service Provider Courier Drop Box Telephone, for Vending Machines, for Washer/Dryer, for Retail Property Service Rulings Security Services Generally Guards Third-Party Service Subsidiary 10% Asset Test, Effect on Transferable Shares Ownership Limits, Restrictions to Protect Utilities Generally (Electric, Gas, Water, Sewer) Repairs Vending Machines Space Provided to Third Parties Year 1994 Summary Not Available Title 9440026 Guidance Tags PLR - 9440026 Referenced By N/A