Kansas Surface Lease Agreement For Production Equipment and Facilities

State:
Multi-State
Control #:
US-OG-154
Format:
Word; 
Rich Text
Instant download

Description

This form of agreement allows for a lessee to make use of the surface in consideration for an annual payment to the lessee.
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FAQ

An equipment finance agreement (EFA) is like a loan, security agreement, and promissory note all packaged together into a single document. EFAs also contain some unique features that make them one of the most popular and versatile equipment financing options.

A Kansas month-to-month rental agreement is a type of lease that allows the landlord or tenant to cancel with thirty (30) days' notice. This is common for seasonal or short-term tenants, although can go as long as both parties agree to continue the arrangement.

An equipment lease agreement is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments. The subject of the lease may be vehicles, factory machines, or any other equipment.

79-3606(kk)(1) exempts all sales of machinery and equipment used in Kansas as an integral or essential part of an integrated production operation by a manufacturing or processing plant or facility, all sales of installation, repair and maintenance services performed on such machinery and equipment; and all sales of ...

Equipment Lease Types Operating Leases. An operating lease is a contract that permits one company to use another company's equipment in exchange for fixed monthly payments over a specific period of time. ... Finance Leases (or Capital Leases) ... $1 Buyout Lease. ... Purchase Option Lease. ... Sale-Leaseback (or Leaseback) ... TRAC Lease.

Equipments means an inclusive term covering various types of machineries, accessories, apparatus, instruments, components, manufactured articles and parts that are supplied or provided under the terms of a [contract], unless otherwise specified.

A lessor is essentially someone who grants a lease to someone else. As such, a lessor is the owner of an asset that is leased under an agreement to a lessee. The lessee makes a one-time payment or a series of periodic payments to the lessor in return for the use of the asset.

This agreement sets standards for any remote employee, contractor, or independent contractor for using and returning company equipment. It is a document that protects both the employer and the employee from any liability should the worker leave the company or be terminated.

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Kansas Surface Lease Agreement For Production Equipment and Facilities