This form is used when Optionor grants and assigns the exclusive right and option, but not the obligation, to lease all or a portion of the Option Lands under the identical terms and conditions to purchase an Oil and Gas Lease on Lessor's undivided mineral interest in and under the lands covered in this lease.
Virgin Islands Option to Lease
Category:
State:
Multi-State
Control #:
US-OG-684
Format:
Word;
Rich Text
Instant download
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FAQ
A home buyer's dollar goes much further on St Croix than on other Caribbean Islands. Land is reasonably priced and plentiful and by all indications the island is poised for major real estate development.
There are no sales taxes in the USVI. There are several other taxes that do apply, however, including the following: Real Property Taxes. Gross Receipts Taxes.
However, the cost of living can vary significantly between different islands. If you're trying to figure out where is the cheapest place to live in the Virgin Islands, you'll probably want to set your sights on St. Croix, but living on any of these beautiful islands can be an investment worth making.
In addition to collecting the territory's real property taxes, the Tax Collector's Office also issues property tax clearance letters, enforces real property tax payments, updates all real property tax collection records and manages the auction of properties that are delinquent in the payment of property taxes.
While you don't lose your US citizenship when you move to the USVI, you need to have proper documentation, including a VI driver's license. You can sort that out at the Virgin Islands Bureau of Motor Vehicles.
The cost of living in the U.S. Virgin Islands is higher than on the U.S. mainland. On average, apartments cost $2,000 per month. A two-bedroom house costs at least $285,000. Not everyone can afford health care on the U.S. Virgin Islands.
Located in the US Virgin Islands, St. Croix is a US territory making it an easy place for US citizens to purchase property. It also happens to be surrounded by the turquoise waters of the Caribbean Sea and white sand beaches, plus the tropical climate creates the feeling of endless summer.
Like many states, the Virgin Islands have no specific retirement age that is mandated by law. This means that individuals are free to retire whenever they choose, as long as they are able to financially support themselves.