Arkansas Net Lease of Equipment as Personal Property with Option to Purchase
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Description
A net lease requires the lessee to pay, in addition to rent, some or all of the property expenses that normally would be paid by the lessor. In this form, the Lessee is to pay all sales, use, exercise, personal property, stamp, documentary and ad valorem taxes, license and registration fees, assessments, fines, penalties and similar charges imposed on the ownership, possession or use of the equipment during the term of the Lease.
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