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Group Owned Estate Land Query
Natasha Janus
Registered User
Join date: 4 Mar 2007
Posts: 52
03-04-2008 00:32
Hello Everyone, my partner and I have just sold our group owned piece of Estate land. Can someone tell me how long it takes for the sale monies to be deposited to us and are the funds split between both of us or just the person who bought the land in the first instance before it was deeded? This is the first time we have owned and sold Estate land always living on mainland before. Thank you.
Osprey Therian
I want capslocklock
Join date: 6 Jul 2004
Posts: 5,049
03-04-2008 00:39
I've heard it takes a day in the case of group land transactions.
In group roles there's a tickbox for receiving/paying money - the money is split between everyone with that included in their group role.
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Natasha Janus
Registered User
Join date: 4 Mar 2007
Posts: 52
03-04-2008 00:51
Thank you Osprey :)
Mercia McMahon
Registered User
Join date: 17 Feb 2007
Posts: 75
The Money is Split Among *Everyone*
03-04-2008 04:37
If you were unaware of the setting Pay Group Liabilities and Receive Group Dividends then you have left the Everyone role set to that (it is the default and some of us have asked LL to change that default). This means that if you invited anyone into your group to set home that they will get an equal share of the land sale.