Hawaii Standard Provision to Limit Changes in a Partnership Entity

State:
Multi-State
Control #:
US-OL203A
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PDF
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Description

This office lease provision refers to a tenant that is a partnership or if the tenant's interest in the lease shall be assigned to a partnership. Any such partnership, professional corporation and such persons will be held by this provision of the lease.

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FAQ

The impairment of sight shall be certified to on forms prescribed by the department of taxation on the basis of a written report on an examination performed by a qualified ophthalmologist or qualified optometrist.

Form N-20 is used to report the income, deduc- tions, credits, gains, and losses from the operation of a partnership.

?Person totally disabled? means a person who is totally and permanently disabled, either physically or mentally, which results in the person's inability to engage in any substantial gainful business or occupation.

Double taxation refers to the imposition of taxes on the same income, assets or financial transaction at two different points of time. Double taxation can be economic, which refers to the taxing of shareholder dividends after taxation as corporate earnings.

(1) Individual domiciled in the State; and (2) Other individual, whether domiciled in the State or not, who resides in the State. To ?reside? in the State means to be in the State for other than a temporary or transitory purpose.

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Hawaii Standard Provision to Limit Changes in a Partnership Entity