New Hampshire Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems is a legal document used in New Hampshire to transfer the ownership rights of gathering systems that are undivided interests in multiple gathering systems. A gathering system refers to a network of pipelines, storage facilities, and related equipment used to collect and transport oil, gas, or other fluid substances from production sites to processing facilities or distribution points. The gathering systems included in this document can be associated with various industries, such as oil and gas, energy, or water. The purpose of this assignment and bill of sale is to establish a clear record of the transfer of ownership rights, ensure the legality of the transaction, and protect the parties involved. It outlines the terms and conditions agreed upon by the assigning party (the seller) and the assignee (the buyer). Key elements covered in the New Hampshire Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems may include: 1. Parties Involved: The document clearly identifies the seller and buyer, including their legal names, addresses, and contact information. 2. Description of Gathering Systems: A detailed description of the gathering systems being transferred, including relevant information such as locations, sizes, capacities, and any associated rights-of-way or easements. 3. Assignment and Conveyance: This section outlines the transfer of ownership rights from the seller to the buyer. It includes a clear statement that the seller assigns and conveys all of their rights, title, and interest in the gathering systems. 4. Consideration: The agreed-upon purchase price for the gathering systems is stated, along with the terms of payment, such as lump sum or installment payments. 5. Representations and Warranties: The seller typically provides representations and warranties that they are the rightful owner of the gathering systems, have the authority to sell them, and that the systems are free from any encumbrances or claims. 6. Indemnification and Liability: This section defines the responsibilities of each party regarding any potential liabilities or claims related to the gathering systems before or after the sale, specifying indemnification provisions. 7. Governing Law: The document identifies that New Hampshire law governs the agreement and any disputes arising from it. 8. Signatures and Notarization: Both parties and any witnesses must sign the document, and it is commonly notarized to ensure its legal validity. While the New Hampshire Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems is a general document, specific variations or additional provisions may arise based on the unique circumstances of the transaction. It is advisable to consult with an attorney familiar with New Hampshire law to ensure compliance and to tailor the document to the specific requirements of the parties involved.
New Hampshire Assignment and Bill of Sale of Gathering Systems for Undivided Interests in Multiple Gathering Systems
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Requirements: Must be a New Hampshire resident for 3 consecutive years. Must be 65 on or before April 1st (or spouse) The property for which the exemption is applied must be the legal residence of applicant(s) Property Transfers: the property cannot be transferred within the last 5 years from a blood relative or marriage.
Certain factors will determine whether you must pay property taxes on your shed. For example, it will usually be taxable if placed on a permanent foundation, such as poured concrete. If your shed is connected to electric or water services, it will most probably be assessed for property tax purposes.
New Hampshire Property Tax Rates Tax rates are expressed in mills, with one mill equal to $1 of tax for every $1,000 in assessed property value. Because mill rates can differ so much between counties and towns, it's easiest to compare property taxes using effective property tax rates and not mill rates.
Liens may be placed upon your real estate, personal property, and property interests including bank accounts, accounts receivable, security interests, and similar items. Also, the liened property may be subjected to tax sale.
The irony in New Hampshire is that it prides itself in having no income or sales tax, yet it ranks high on property taxes. That means New Hampshire relies most heavily on the property tax to fund local services and public education.
Located in western New Hampshire, Sullivan County has the highest property tax rates in the state. The county's average effective property tax rate is 2.78%. In Claremont, which is the largest city in the county, the total rate is 40.98 mills.
New Hampshire has no income or sales tax, and therefore relies very heavily on property taxes. If both state and local revenues are taken into account, property taxes make up 64.7% of money raised by the government. That's the highest reliance on property taxes in the U.S.
Applicant must be 65 years old before April 1 of the tax year for which the application is being made. You must have resided in New Hampshire for at least three (3) years and owned your home individually or jointly prior to April 1st of the tax year for which you are applying.