Movable Property With Example In Maricopa

Category:
State:
Multi-State
County:
Maricopa
Control #:
US-00123
Format:
Word; 
Rich Text
Instant download

Description

The Contract for the Lease of Personal Property provides a structured legal framework for leasing movable property, allowing the Lessor and Lessee to clearly outline their respective roles and responsibilities. For example, in Maricopa, an attorney may use this form to help local businesses lease equipment or furniture while ensuring compliance with state laws. Key features include defined lease terms, conditions for repairs and maintenance, and clauses for indemnity and assignment. Filling out the form requires careful attention to detail, especially in specifying the property being leased and the duration of the lease. Users should complete all required sections, including names, addresses, and signatures, ensuring clarity in the terms communicated. This agreement serves various scenarios, such as leasing office equipment or vehicles, making it relevant for attorneys, partners, owners, associates, paralegals, and legal assistants. It is beneficial for drafting legally sound leases that help protect the interests of both parties. By following the filling instructions and understanding the implications of each section, users can utilize this form effectively.
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FAQ

An Affidavit of Affixture changes the status of a manufactured/mobile home from personal property to real property. In order to affix a manufactured/mobile home an Affidavit of Affixture must be filed in the county where the manufactured/mobile home is located.

Manufactured housing (mobile homes) is also personal property unless the owners file an affidavit affixing the unit to their real estate. Property taxes in Arizona are imposed on both real and personal property.

A manufactured home can only be set-up (installed) by a State licensed installer. All building and installation permits are to be submitted using this portal. Make sure to upload your building plans, plot plan sketch, and power of attorney forms so that your submission is not rejected.

Personal Exemptions are part of the Office's Valuation Relief Programs Division: Personal Exemptions are offered to eligible Widows, Widowers, Totally Disabled Residents or Disabled Veterans with an Honorable Discharge.

Property tax in Arizona is classified as Real Property and Personal Property. Personal Property consists primarily of business equipment and mobile homes.

Mobile Homes – housing built in a factory and first sold prior to July 1, 1980. Manufactured Homes – housing built in a factory and first sold on or after July 1, 1980. Mobile and manufactured homes may be installed on a permanent foundation.

Generally, a license issued by the Office of Administration of the Arizona Department of Housing (“ADOH”) is required to act as a broker or salesperson in the sale of manufactured homes, mobile homes and factory-built buildings (also known as modular) and subassemblies.

Once the affidavit is recorded, the manufactured home is considered real property, subject to real property taxes once per year, and billed on a single tax bill.

A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings.

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Movable Property With Example In Maricopa