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The Sales and Use Tax Law imposes a 5% tax on automobiles rented or leased for 12 months or more. The tax is due in the month in which the lease begins. The tax base consists of the total monthly lease payments plus the equity of any trade-in plus any cash down payment.
A Maine month-to-month lease agreement is a contract (written or oral) that allows a tenant to rent property from a landlord, in exchange for a fee (?rent?), for a period of thirty days at a time. The agreement remains active until either party gives proper notice to end it.
term lease is the most traditional lease. They're called fixed term because tenants and landlords are agreeing to abide by the lease for a fixed amount of time, normally six to 14 months.
Blue copy of Maine Title Application or Manufacturer's Certificate of Origin. Bill of Sale from Maine Dealer or from Non-Maine Dealer. Proof of Insurance with VIN number and policy expiration date. Copy of lease agreement (if leased vehicle).
Similarly, a tenant may terminate a lease lacking termination language upon 7 days' notice to the landlord in cases where the landlord has materially breached a provision of the lease. 14 M.R.S.A. §6001(1-B).
What to include in your contract. Description of services. Lay out exactly what professional services you and your company will receive. ... Payment terms. Describe when and how the contractor will be compensated. ... Ownership rights. ... Confidentiality clause. ... Indemnification clause. ... Amendment. ... Termination. ... Dispute resolution.
The Maine standard residential lease agreement is the standard, one (1) year rental agreement between a landlord and tenant. Once the contract has been signed by both parties (along with all required disclosures) it becomes legally binding to both landlord and tenant for the term stated.
If you are a tenant at will (no lease): Your landlord must give you either a 30-day or 7-day written notice to leave, or they can combine both of these into one notice. Any notice must advise you of your right to contest the eviction in court. This is called a "Notice to Quit."