Personal Property Document With Replacement Cost In King

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

Description

The Personal Property Document with Replacement Cost in King is a contract designed for leasing personal property between a lessor and a lessee. This form outlines the leasing terms, including the responsibilities for repairs and maintenance, indemnification clauses, and the governing law applicable to the agreement. Key features include the clear definition of the lease term, provision for repairs outlined in detail, and the stipulation that the lessee cannot assign or sublet the property without consent from the lessor. Filling out the form requires clear identification of both parties, accurate entries for property description, and adherence to the signature requirements. This document serves various users, including attorneys who may draft or review the lease, owners looking to rent out their property, partners and associates involved in commercial agreements, paralegals who prepare lease documentation, and legal assistants who manage compliance with lease terms. The form is valuable for facilitating leases while protecting the rights of both parties involved.
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  • Preview Contract for the Lease of Personal Property
  • Preview Contract for the Lease of Personal Property
  • Preview Contract for the Lease of Personal Property

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FAQ

Tangible personal property refers to any type of property that can generally be moved (i.e., it is not attached to real property or land), touched or felt. These generally include items such as furniture, clothing, jewelry, art, writings, or household goods.

For more information, please refer to RCW 84.40. 065. Personal property tax applies to vehicles that are used off-road and not primarily designed for use on public streets or highways, licensed or not.

Tangible personal property can be subject to ad valorem taxes, meaning the amount of tax payable depends on each item's fair market value. In most states, a business that owned tangible property on January 1 must file a tax return form with the property appraisal office no later than April 1 in the same year.

MACHINERY AND EQUIPMENT, FIXTURES AND FURNITURE. In general, machinery, equipment, fixtures and furniture are considered personal property unless permanently affixed to real property.

The first half payment is due June 5th and the second half is due December 5th. The 2024 tax rate for personal property in King George County is set at $3.25 per $100 of the assessed value.

Owner-occupied single-family residences that are remodeled or renovated may be eligible for property tax relief. If approved (by King County), owners who timely apply will receive an exemption of up to 30% of the original structure value for three years.

By completing the Name and Address Update box on your property tax payment stub at the time you are sending payment. Your request should include your tax parcel or account number and your new name and/or mailing address. Please sign and date the request.

Please call our office at 206-296-3920. We have experienced exemptions staff ready and willing to assist you in completing your forms. They can also answer questions about which documents you should provide. Once I have applied for an exemption, when will I hear from your office?

An endorsement, also known as a rider, adds, deletes, excludes or changes insurance coverage. An endorsement/rider can also be used to increase standard limits of coverage and take precedent over the original agreement or policy.

Titles and Deeds A deed is a legal document used to transfer ownership between individuals. If you buy a house, you receive a deed as evidence that the former owner has given you the rights and title to the property.

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Personal Property Document With Replacement Cost In King