The lease form contains many detailed provisions not found in a standard oil and gas lease form. Due to its length, a summary would not adequately describe each of the terms. It is suggested that if you consider adopting the form for regular use, that you print the form and closely read and review it. The lease form is formatted in 8-1/2 x 14 (legal size).
North Carolina Lessor's Form
Category:
State:
Multi-State
Control #:
US-OG-091
Format:
Word;
Rich Text
Instant download
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FAQ
You'll need to visit a North Carolina DMV to get your temporary tags, and a North Carolina DMV license plate agency if you're getting license plates for the first time on your vehicle.
A Power of Attorney is needed if you're leasing your vehicle and if the Title Application (SCDMV Form 400) is signed by the lessee (registrant) on behalf of the lessor (title holder). Once you have the receipts, you're ready to register and title your vehicle, which can be accomplished simultaneously.
Taxes When Leasing How do taxes apply when leasing a vehicle? For a leased vehicle, you will have to pay North Carolina's 3% motor vehicle lease tax on the entire lease payment, plus any relevant vehicle registration and license plate fees, at the time of signing.
You must have the following to transfer your vehicle registration to your newly purchased or leased vehicle: Title or Manufacturer's Certificate of Origin. ... Lien Information. ... Liability Insurance information. ... Completed Title Application (MVR-1) and Damage Disclosure Statement (MVR-181). ... Copy of NC Driver's License.
Registering a leased vehicle An original Power of Attorney document (fax copies are not acceptable) is required that specifies who is authorized to sign documents for the leasing company. ... The name and address of the applicant on the application for registration and title (Form H-13B) must be that of the leasing company.
You must have the following to transfer your vehicle registration to your newly purchased or leased vehicle: Title or Manufacturer's Certificate of Origin. ... Lien Information. ... Liability Insurance information. ... Completed Title Application (MVR-1) and Damage Disclosure Statement (MVR-181). ... Copy of NC Driver's License.