This office lease provision states that at the end of the fifth (5th) year of the lease, the tenant shall have an option to purchase the building in which the premises is located at fair market value.
Rhode Island Provision Setting Out a Purchase Option
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State:
Multi-State
Control #:
US-OL2404
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Word;
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How to fill out Provision Setting Out A Purchase Option?
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FAQ
Anyone can draft a bill of sale in Rhode Island. As long as the document has been signed by the buyer and the seller, it can be legally binding. Getting a bill of sale notarized can help it hold up in court.
A Resident is an individual that is domiciled in Rhode Island or an individual that maintains a place of abode in Rhodes Island spending at least 183 days in the state.
The most important document when selling a car is the certificate of title. If there is a lien on the title, the lienholder must release interest in the vehicle before the car is sold. This can be achieved either by the seller paying off the car or by getting a lien release from the lienholder.
Withholding Tax on Gambling Winnings: If a must withhold for federal purposes, RI must withhold federal tax withheld multiplied by the Rhode Island personal income tax withholding rate in effect on the date of the payment.
In Rhode Island, anyone selling a car must fill out the back of the title with the buyer's information, then give the title to the buyer along with the bill of sale. The bill of sale must include an accurate odometer reading. If the title is lost or destroyed, the seller can request a new one from the Rhode Island DMV.
You must also give the new owner a bill of sale. The bill of sale should include all the basic information about the car, such as year, make, model, VIN number, color; it must also include the purchase price.
