Colorado Removal of Lessee's Equipment and Personal Property

State:
Multi-State
Control #:
US-OG-818
Format:
Word; 
Rich Text
Instant download

Description

This lease rider form may be used when you are involved in a lease transaction, and have made the decision to utilize the form of Oil and Gas Lease presented to you by the Lessee, and you want to include additional provisions to that Lease form to address specific concerns you may have, or place limitations on the rights granted the Lessee in the “standard” lease form.

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FAQ

Abandoned property--notice of sale--definitions. (1) Property is presumed to be abandoned if the owner has failed to contact the lienholder for a period of not less than thirty days and the lienholder, in good faith, is without knowledge of any evidence indicating that the owner does not intend to abandon the property.

Tangible personal property subject to sales tax includes all goods, wares, merchandise, products and commodities, and all tangible or corporeal things and substances that are dealt in and capable of being possessed and exchanged.

The Colorado Supreme Court upheld a pandemic-era rule Monday, requiring landlords to provide tenants in federally-subsidized housing 30 days notice before eviction.

If the property has been abandoned, the landlord must give at least 15 days prior notice to the tenant before selling or disposing of the abandoned property. This notice may be sent to the tenant's last known address, by registered or certified mail, return receipt requested, signed by the addressee only.

A landlord cannot terminate a lease early simply because the landlord wishes to sell the property, unless the lease expressly gives the landlord such a right. If a rental property is sold, the new owner/landlord must honor a rental contract existing at the time of the sale.

Abandonment of a child is also grounds for termination of parental rights in Colorado. Abandonment occurs when the parent has failed to provide basic needs for the child, including food, clothing, shelter, or medical care. The parent must also have failed to make a reasonable effort to maintain contact with the child.

If the tenant leaves behind any belongings due to forcible eviction, the landlord must contact the tenant and give them 15 days to retrieve their belongings. However, if the tenant left the belongings voluntarily, the landlord must wait 30 days before disposing of the items or placing them in storage.

Tax Exemptions for Business For 2023 property taxes, the State of Colorado exempts the first $52,000 in actual value of business personal property per business.

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Colorado Removal of Lessee's Equipment and Personal Property