SFFORMS.COM – SF 118B Form – Land – Schedule B – Supplement to Report of Excess Real Property – Schedule B of the SF 118B form is a supplement to the report of excess real property. The form is used to report any changes in the value of real estate that has increased beyond the owner’s original purchase price or fair market value. Changes in the value of real estate can be due to factors such as growth in the neighborhood, appreciation in the property’s market value, or a change in zoning laws.
Download SF 118B Form – Land – Schedule B – Supplement to Report of Excess Real Property
| Form Number | SF 118B Form |
| Form Title | Land – Schedule B – Supplement to Report of Excess Real Property |
| File Size | 984 KB |
| Date | 03/2018 |
What is an SF 118B Form?
The SF 118B Form is a document used by the US government to report excess real property. This form is specifically for land and is considered a supplement to the Report of Excess Real Property. The purpose of this form is to provide detailed information about the land in question, such as location, size, zoning designation, and any other relevant details.
The SF 118B Form must be completed accurately and submitted in a timely manner for proper disposal of excess real property. Failure to do so can result in penalties or fines. It is important to note that this form should only be used for reporting excess land; if you need to report other types of real property, such as buildings or equipment, there are different forms that must be filled out instead.
In summary, the SF 118B Form is an essential tool for anyone who needs to dispose of excess land owned by the US government. By providing detailed information about the property in question on this form, individuals can ensure that they are complying with all necessary regulations and procedures for proper disposal of federal assets.
What is the Purpose of the SF 118B Form?
The SF 118B form is a supplemental document to the report of excess real property for lands. It is used by federal agencies to provide information on the type and condition of land that is being reported as excess. The purpose of this form is to ensure that all necessary information regarding the real estate being disposed of is collected, evaluated, and documented accurately.
One important function of the SF 118B form is to identify any environmental issues related to the land. This includes hazardous materials or waste, endangered species, wetlands, and other natural resources that could be affected by development or sale. By providing this information upfront, potential buyers can make informed decisions about how they will use the property.
Another critical aspect of the SF 118B form relates to compliance with federal laws and regulations concerning excess property disposal. These rules are designed to ensure that government-owned assets are properly managed in accordance with established policies and procedures. By completing this form correctly, federal agencies can demonstrate their compliance with these requirements while also facilitating efficient transfer or disposition of excess lands.
Where Can I Find an SF 118B Form?
If you’re looking for an SF 118B form, you can find it on the General Services Administration (GSA) website. This form is used to report excess real property that is available for public use or sale. It’s an important document that helps government agencies manage their property holdings and ensure they are using taxpayer resources efficiently.
To locate the SF 118B form, go to the GSA website and search for “SF 118B” in the search bar. You’ll be directed to a page with links to download the PDF version of the form. Be sure to fill out all required fields accurately, including information about the property, its current use, and any potential hazards or environmental concerns.
Once you’ve completed and submitted your SF 118B form, it will be reviewed by GSA officials who will determine whether or not the property should be made available for public use or sale. If approved, your excess real estate could help support local communities and generate revenue for taxpayers.
SF 118B Form – Land – Schedule B – Supplement to Report of Excess Real Property
The SF 118B Form – Land – Schedule B is a supplement to the Report of Excess Real Property required by the Federal Property Management Regulations. This form is used when reporting excess land that will be disposed of through sale, lease or other means. The main purpose of this form is to provide detailed information about the property being reported as excess land.
The Schedule B section of the form asks for a complete description of the property including its location, boundaries and any improvements made on it. It also requires information about its current use and zoning designation. Additionally, Schedule B requests details on any environmental issues or restrictions that may affect future development or use of the property.
The SF 118B Form – Land – Schedule B plays a critical role in ensuring transparency and accountability in federal real property management. By providing accurate and comprehensive information about excess land, federal agencies can make informed decisions about how to dispose of these properties while minimizing waste and maximizing benefits for both government and public stakeholders.
SF 118B Form Example
