Personal Property And Securities Act In Queens

Category:

Leases - Contracts

State:

Multi-State

County:

Queens

Control #:

US-00123

Format:

Instant download

Description

The Contract for the Lease of Personal Property serves as a critical agreement under the Personal Property and Securities Act in Queens, detailing the terms and conditions between a lessor and a lessee. Key features include the specifics of the leased property, outlined in an attached exhibit, and stipulations regarding the lease term, responsibilities for repairs, and conditions for assignment and subleasing. The form emphasizes the lessee's obligation to indemnify the lessor and clarifies the relationship between the parties as purely contractual, devoid of joint ventures or partnerships. Filling out the form requires accurate detail about the property, parties involved, and dates of agreement, ensuring clarity in future transactions. Attorneys, partners, and legal assistants may utilize this form to establish clear fiduciary obligations and legal grounds for asset leasing. Paralegals and associates will find it essential for safeguarding the interests of clients by adhering to regulatory compliance. This lease contract, backed by the principles of the Personal Property and Securities Act, serves as an indispensable tool for effective risk management in property leasing.

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Form popularity

FAQ

Tangible personal property includes physical objects, including inventory (including packaging, manuals, and instructions), merchandise, raw materials, work in process, equipment, machinery, tools, office equipment, supplies, furnishings, and fixtures.

(1) raw materials, such as wood, metal, rubber and minerals; (2) manufactured items, such as gasoline, oil, chemicals, jewelry, furniture, machinery, clothing, vehicles, appliances, lighting fixtures, building materials; (3) artistic items, such as sketches, paintings, photographs, moving picture films and recordings; ...

Other types of intangible personal property include life insurance contracts, securities investments, royalty agreements, and partnership interests.

Although intangible personal property cannot be touched or felt, it has a value and there are documents showing value and ownership of the intangible personal property. Examples of intangible personal property are stocks, bonds, mutual funds, and securities.

First, the debtor must send an authenticated demand to the secured party. The demand should be sent to the name/address of the secured party as indicated on the financing statement. The secured party has 20 days to either terminate the filing or send a termination statement to the debtor that the debtor can then file.

Types of Personal Property: Intangible personal property (e.g., stocks, bonds, intellectual property)

The Automated City Register Information System (ACRIS) allows you to search property records and view document images for Manhattan, Queens, Bronx, and Brooklyn from 1966 to the present.

The Automated City Register Information System (ACRIS) allows you to search property records and view document images for Manhattan, Queens, Bronx, and Brooklyn from 1966 to the present. Find a Property Borough, Block and Lot (BBL) or Address. Access Deeds and Other Recorded Documents.

• CRFN (City Register File Number). This information is located on the recording and endorsement cover.

For all boroughs except Staten Island, you can go to any Borough City Register Office. For Staten Island, you must go to the Richmond County Clerk office.