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).
Rhode Island Lessor's Form
Category:
State:
Multi-State
Control #:
US-OG-090
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Motor vehicle excise taxes are considered gross receipts and are subject to sales and use tax under a lease.
New or used vehicles, sales tax is 7% of the purchase price, minus trade-in and other allowances. This applies to passenger vehicles and motor homes only. All other vehicles are excluded from the trade-in allowance.
A Rhode Island month-to-month lease agreement is a rental contract between a landlord and tenant that authorizes the tenant to occupy a residential unit for one (1) month at a time. This type of arrangement is especially favorable for tenants who are unable to make the long-term commitment required in an annual lease.
For a leased vehicle, you will have to pay Massachusetts' 6.25% sales tax on the lease price, which would be applied to your monthly payment.
The RRP Rule applies to painting, construction, carpentry, plumbing, or electrical work done on homes and buildings built before 1978. These buildings are assumed to contain lead-based paint unless a licensed Lead Inspector or certified Lead Renovator tests the paint to make sure that it is not lead based.
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New Registration of a Leased Vehicle: A TR-5 form (VIN verification) from a local police department if the title is from another state. Certificates of origin do not require TR-5 forms. A Power of Attorney from the leasing company for the person signing the Application for Registration.