Virginia Option and Site Lease (Telecommunication Facilities)

State:
Multi-State
Control #:
US-OG-1071
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Word; 
Rich Text
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Description

This form is an option and site lease for telecommunications facilities.
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For example, in Virginia, you must apply for a state tax ID by setting up a Virginia Tax and Virginia Employment Commission account, which requires only one business account setup. You can set up this account on the Virginia Department of Taxation website.

The Basics. Residential Tenancy Branch Policy Guideline 8 defines a material term as: a term that the parties both agree is so important that the most trivial breach of that term gives the other party the right to end the agreement.

A Lease can be defined as a contract where a party being the owner (lessor) of an asset (leased asset) provides the asset for use by the lessee at a consideration (rental), either fixed or dependent on any variables, for a certain period (lease period), either fixed or flexible, with an understanding that at the end of ...

Site Lease Agreement means the agreement between Owner and Landlord, whether license, lease or otherwise, whereby Owner acquires the right to occupy, build and operate a Site on Landlord's property.

Countable noun. A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.

Lease Term Definition Defined as the period of time in which a contracted lease is in place, lease term establishes the time period to both the lessee and lessor. Lease terms generally come on 3 forms: fixed, periodic, and indefinite. Additionally, a lease can cover either material or non-material property.

Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.

While leasing and renting share many similarities, there are some subtle distinctions between the two. The main difference is the length of tenancy. A rental agreement is usually short term or month-to-month, while a lease is typically for a longer period of time, usually six months or more.

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Virginia Option and Site Lease (Telecommunication Facilities)