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 And Securities Act In Washington
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Washington property law is broader than “ownership rights and interest.” Ownership rights include: the right to “possess” property (i.e., the right to exclude others from using or occupying property) and the right to peaceful enjoyment of property.
Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.
In Washington, the homestead exemption is $40,000 and includes land, mobile homes, and improvements. If you have a life insurance policy where the beneficiary is not yourself, the proceeds and avails are exempt from creditor claims.
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, equipment, furniture, and supplies of businesses and farmers. It also includes any improvements made to land leased from the government (leasehold improvements).
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.
Personal use property is used for personal enjoyment as opposed to business or investment purposes. These may include personally-owned cars, homes, appliances, apparel, food items, and so on.
"Personal property" for the purposes of taxation, shall be held and construed to embrace and include, without especially defining and enumerating it, all goods, chattels, stocks, estates or moneys; all standing timber held or owned separately from the ownership of the land on which it may stand; all fish trap, pound ...
An “easement” is a nonpossessory right to use the land of another; in other words, the right to use or restrict the use of another person's real property or land. The easement represents a burden on the property, and is known as the servient estate.