Ohio Lessor's Form

State:
Multi-State
Control #:
US-OG-092
Format:
Word; 
Rich Text
Instant download

Description

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).

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FAQ

The Ohio motor vehicle power of attorney (Form BMV 3771)w enables a person to appoint an attorney-in-fact to handle vehicle titling and other related assignments with the Bureau of Motor Vehicles. This form cannot be used to grant the attorney-in-fact any other types of powers.

The seller MUST personally appear, ensure all sections are completed, show ID, be sworn, and sign the title in the presence of a notary public. A seller who cannot appear may complete a BMV Power of Attorney form, authorizing another party to sign on their behalf before the notary.

The following must be presented: Ohio certificate of title or memorandum of title. Completed vehicle inspection certificate (DPS 1373) Valid Ohio driver license, state ID or Social Security card. Tax ID number if titled in a business name.

Lessor authorizes the State of Ohio to register the vehicle(s) described above in Lessee's name. Lessor waives its rights to any license plate, and registration credential, issued to the Lessee. All fees paid by Lessee for registration of the vehicle(s) described above remain the sole ownership of the Registrant.

Except as provided in § 63.31 (relating to owner-operator vehicles), for purposes of proportional registration, the long-term lessee-operator of a vehicle is responsible for its registration-that is, the operator of a fleet, part or all of which is leased, shall qualify the leased vehicles in its own name in the same ...

In most states, car dealers are required to roll the sales tax on leased vehicles into the monthly payments of their customers. However, several states don't use this tax-on-payments method. For instance, car lessees in Ohio must pay sales tax on all their monthly payments at the beginning of the contract.

To title your newly-bought trailer, you must apply for a title transfer. Make sure the seller assigned his or her title to you: the buyer (assignment portion of the title). To transfer the title, apply for a certificate of title to a motor vehicle with Form BMV 3774.

IN THE CASE OF A LEASE OR JOINT OWNERSHIP, YOU WILL BE REQUIRED TO PROVIDE THE LESSEE / ADDITIONAL OWNER'S OHIO DRIVER LICENSE NUMBER (DL), OHIO ID CARD NUMBER (ID), SOCIAL SECURITY NUMBER (SSN), TAX IDENTIFICATION NUMBER (EIN / TIN).

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Ohio Lessor's Form