Personal Property Statement With No Intrinsic Value Called In Clark

Category:
State:
Multi-State
County:
Clark
Control #:
US-00123
Format:
Word; 
Rich Text
Instant download

Description

The Personal Property Statement with No Intrinsic Value Called in Clark is a legal document used to outline the terms of leasing personal property, specifically emphasizing items that do not hold intrinsic value. This form serves as a binding contract between the Lessor and Lessee, detailing the responsibilities of both parties regarding the leased property, including maintenance, repairs, and assignments. Users must fill in specific information such as names, dates, and property details to ensure clarity. Key features include a term section that defines the lease duration, indemnity clauses to protect the Lessor from liabilities, and a section addressing attorney's fees in case of breaches. The document also clarifies the relationship between parties, ensuring that it does not imply a partnership. It is useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in contractual agreements pertaining to personal property leasing. The form simplifies the process of establishing clear terms and conditions, reducing the risk of disputes and ensuring legal compliance.
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FAQ

An unsecured property tax is an ad-valorem (value based) property tax that is the liability of the person or entity assessed for the tax. Because the tax is not secured by real property, such as land, the tax is called "unsecured."

Assessed value is computed by multiplying the taxable value by 35%, rounded to the nearest $1.00.

Personal Property Personal belongings such as clothing and jewelry. Household items such as furniture, some appliances, and artwork. Vehicles such as cars, trucks, and boats. Bank accounts and investments such as stocks, bonds, and insurance policies.

Personal property includes: Machinery and equipment. Furniture. Stocks and Bonds: If personal property is sold by a bona fide resident of a relevant possession such as Puerto Rico, the gain (or loss) from the sale is treated as sourced with that possession.

Personal property refers to movable items that are not permanently attached to land or structures. Unlike real property, which is immovable, personal property includes everything from household goods like furniture and appliances to vehicles, jewelry, and even intangible assets such as stocks or patents.

An item of personal property. Chattel.

Personal property refers to movable items that are not permanently attached to land or structures. Unlike real property, which is immovable, personal property includes everything from household goods like furniture and appliances to vehicles, jewelry, and even intangible assets such as stocks or patents.

Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property. It does not include copyrights, patents, and other intellectual property that is generated or developed (rather than acquired) under an award.

An assessment ratio is a term used in property taxation to refer to the ratio of the assessed value of a property to its fair market value.

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Personal Property Statement With No Intrinsic Value Called In Clark