Selling and abandoning mainland group owned parcels

[Neil Foggarty]

If I was to abandon a parcel when does the tariff payments end?, and/or what exactly is the process or processes to be rid of the tariff. I am sure this has been asked or written of 1000 times but I can't really find an answer.

 

Also the sale of a section of group land how does the repayment split of that money get repaid to group members percentage wise, for example. 1 member (A) contributes to 512 (7.6%) another (B) 2048 (30.7%) and another (C) 4096 (61.54%), so 6,656 in total. I presume if say 70% of that parcel was sold at 1L a metre. Could I assume that the returns to each member would be directly proportional to the share of the overall holding.

Therefore sale price of 70% of the parcel is 4659L The share value would be as follows

A  gets 354, B gets 1430 and C gets 2867.  And again in this case when does cessation of tariffs occur.

 

Thank you

 

Cheers Neil

 

  

 

 

 

[Griffin Ceawlin]

Group members share all income and expenses of group-owned land, IF they have the Pay group liabilities and receive group dividends ability.

Like Linden dollars (L$) paid to a group, parcel directory fees are divided evenly among all group members with the ability Pay group liabilities and receive group dividends associated with their group role. If nobody in the group has this ability, the fees are paid by the group owner, who always has all abilities.

If group-owned land is sold, the proceeds are distributed evenly the next day to everyone in the group who has the ability Pay group liabilities and receive group dividends associated with their group role. If nobody in the group has this ability, the L$ go to the group owner, who always has all abilities.

If you own land that you've deeded to a group and subsequently abandoned, the land is returned to Governor Linden and is lost to the group. After abandoning your land, you still need to adjust the amount of land you've donated to the group in order to be billed accurately.

Land tier donated to a group is always considered active, whether or not it's currently being used to hold land; in other words, land tier donated to a group always counts toward your own peak usage, and you are responsible for paying the associated fees. 

http://community.secondlife.com/t5/English-Knowledge-Base/Group-owned-land/ta-p/700079#Section_.3.3