This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Property Document With No Class Life In Houston
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State:
Multi-State
City:
Houston
Control #:
US-00123
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Word;
Rich Text
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FAQ
Section 42.001 - Personal Property Exemption (a) Personal property, as described in Section 42.002, is exempt from garnishment, attachment, execution, or other seizure if: (1) the property is provided for a family and has an aggregate fair market value of not more than $100,000, exclusive of the amount of any liens, ...
Lost property belongs to whomever finds it, subject only to a claim by the true owner. Mislaid property belongs to the owner of the property on which it is found, subject only to a claim by the true owner. Embedded property belongs to the owner of the property on which it is found.
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.
Private property may only be taken by a governmental entity or private entity that is authorized by law to do so. Your property may be taken only for a public purpose. That means it can only be taken for a purpose or use that serves the general public.
For taxation purposes, there are two basic types of property: real property (land, buildings, and other items attached to land) and personal property (property that can be owned and is not permanently attached to the land or building such as inventory, furniture, fixtures, equipment and machinery).
Scheduled personal property is a supplemental insurance policy that extends coverage beyond the standard protection provided in a homeowners' insurance policy. By purchasing a scheduled personal property policy, owners can ensure full coverage of expensive items, such as jewelry, in the event of a claim.
(2) The running of the three-year period of abandonment ceases immediately on the exercise of an act of ownership interest or sum payable or a communication with the association as evidenced by a memorandum or other record on file with the association or its agents.
"Personal property" in Texas refers to items that a person owns. These things can be tangible—like a vehicle or household furniture—or intangible, like intellectual property. Personal property is not attached to real property and can be moved.
Business owners are required by State law to render personal property that is used in a business or used to produce income. This property includes furniture and fixtures, equipment, machinery, computers, inventory held for sale or rental, raw materials, finished goods, and work in process.
A personal property rendition is a report that lists all business assets (personal property) that are subject to personal property tax, which is typically all tangible personal property unless a specific exemption applies.
