Personal Property Document With Replacement Cost In Miami-Dade

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

Description

The Personal Property Document with Replacement Cost in Miami-Dade is a standardized legal agreement designed for the leasing of personal property between a Lessor and a Lessee. This document delineates the specific terms of the lease, including the property description, lease term, and responsibilities for repairs and maintenance. It requires the Lessee to pay for any repairs, ensuring that the property is returned in good condition upon agreement termination. The document includes provisions for indemnity and limits the rights of the Lessee to assign or sublet without Lessor's consent. It emphasizes the relationship between parties as strictly contractual, avoiding implications of joint ventures or partnerships. The form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in property leasing transactions, as it provides a clear framework and legal protections for both parties. Filling out the form requires accurate information regarding both parties and the property, along with signatures to validate the agreement. This document is particularly useful in cases involving commercial property leasing, ensuring compliance with local laws and protecting the interests of all parties involved.
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FAQ

The Office of the Property Appraiser reviews all ownership changes, properly recorded in the Clerk of Courts Recorder's Office. The ownership transfer is typically processed between 4 and 8 weeks, but may take up to 12 weeks.

A taxpayer may be waived from filing the Tangible Personal Property Tax Return (DR-405) if: The prior year value was less than $25,000. The current value remains less than $25,000 (i.e. no new purchases over the past year).

Record a Document You have three options for recording your documents in the Official Records: You can bring your original documents in person, along with the appropriate fees, and a self-addressed stamped envelope to the Miami-Dade County Courthouse. You can eRecord your document through one of our approved vendors.

The tax rate for Miami-Dade County is 60 cents on each $100, or portion thereof, of the total consideration. Miami-Dade County also has a surtax of 45 cents on each $100, or portion thereof, of the total consideration. The surtax is not due on a document that transfers only a single-family dwelling.

Tangible personal property (TPP) is everything other than real estate that is used in a business or rental property. Examples of tangible personal property are computers, furniture, tools, machinery, signs, equipment, leasehold improvements, supplies, and leased equipment.

Section 193.052, Florida Statutes, requires that all Tangible Personal Property be reported each year to the Property Appraiser's Office. The Tangible Personal Property Tax Return (DR-405) is the application for the exemption of up to $25,000 for tangible personal property.

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.

Ing to the IRS, tangible personal property is any sort of property that can be touched or moved. It includes all personal property that isn't considered real property or intangible property such as patents, copyrights, bonds or stocks.

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.

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Personal Property Document With Replacement Cost In Miami-Dade