Base Property: For the Bureau of Land Management: land or water resources, owned or controlled by a holder of a grazing permit or lease, that are suitable to support livestock for a part of the year. For the Forest Service: lands and improvements owned and used by a permittee for a farm or ranch and designated by the permitted to qualify for a grazing permit. One must own or control base property to be eligible for permits or leases to graze private livestock on federal lands.

 

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Base Property: For the Bureau of Land Management: land or water resources, owned or controlled by a holder of a grazing permit or lease, that are suitable to support livestock for a part of the year. For t . . . View Full Definition

Property Dividend: The distribution to shareholders of assets other than cash.

Property Inventory: A list of personal property with corresponding values and initial costs often used to substantiate insurance claim and tax losses.

Property Brief: Produced by the listing agent, a property brief is simply a one-page flier about the property pointing out attractive features. It usually contains a drawing or photograph of the home, and i . . . View Full Definition