I've been playing the game and I need to find out all the benefits of owning monopoly property.
2006-11-13 17:43:00 · 9 answers · asked by miss tique 3 in Games & Recreation ➔ Board Games
If you need to pay off a debt and don't have enough cash on hand, you can mortgage properties in order to pay the debt. The mortgage value is one-half the purchase price of the property and you must sell off any houses or hotels on the property for one-half their purchase price before you can mortgage it. If at some point you are no longer in dire financial straits, you can remove the mortgage by paying the bank the mortgage price +10%. If you receive a mortgaged property in a trade, you must pay the bank 10% of the mortgaged price immediately. If you pay off the loan later, another 10% is then due.
2006-11-13 18:38:54 · answer #1 · answered by Bigfoot 7 · 1⤊ 0⤋
Monopoly Property Values
2016-11-15 04:11:16 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you're playing by the official rules, you can't sell a property back to the bank. The only way a property would be returned to the bank instead of being mortgaged is if you go bankrupt through a debt to the bank. Even then, the bank does not hold the property; the Banker must immediately auction all properties taken this way, one at a time.
2016-03-17 07:11:27 · answer #3 · answered by ? 4 · 0⤊ 0⤋
This is so that if you are running out of money, you can mortgage some property to raise funds.
This makes sense as you coul;d do this in real life - though in real life you could also build on mortaged property!!
One question for YOU.
If you unmortgae one of the utilities, should you pay back £7 or £8 in interest? - You actually owe £7.50 (10%) but there are no 50ps in Monopoly!
(If not UK, change £ to $ or whatever!)
2006-11-13 17:47:35 · answer #4 · answered by Mark T 6 · 0⤊ 0⤋
When you're hard up for cash you can mortgage a property by flipping the card over. You immediately get how ever much the mortgage value is from the bank but don't collect rent until you repay the mortgage.
2006-11-13 17:45:24 · answer #5 · answered by Anonymous · 0⤊ 1⤋
When you're hard up for cash you can collect mortgage on your property. You get the value, your card becomes inactive but in your possession and you can buy it back for double the mortgage value I think.
2006-11-13 17:45:29 · answer #6 · answered by alwaysmoose 7 · 0⤊ 1⤋
because you may land on Boardwalk with a hotel and be out of cash - then you mortgage to keep your turn - otherwise
w e ...... l o s e
2006-11-13 17:45:51 · answer #7 · answered by tomkat1528 5 · 0⤊ 1⤋
yes it should be written on the back of the property's card.
2006-11-13 17:58:58 · answer #8 · answered by ? 2 · 0⤊ 1⤋
Yea..what they said. ;-)
2006-11-14 05:31:53 · answer #9 · answered by Jo 3 · 0⤊ 1⤋