The lease form contains many detailed provisions not found in a standard oil and gas lease form. Due to its length, a summary would not adequately describe each of the terms. It is suggested that if you consider adopting the form for regular use, that you print the form and closely read and review it. The lease form is formatted in 8-1/2 x 14 (legal size).
Indiana Lessor's Form
Category:
State:
Multi-State
Control #:
US-OG-092
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Lessor's Form?
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FAQ
The Indiana auto rental excise tax is imposed on rentals of passenger motor vehicles and trucks for periods of less than 30 days. The tax is equal to 4% of the gross retail income received by the retail merchant. The person renting the vehicle is liable for the tax.
Indiana does not have any local or county sales taxes, so the state-wide rate of 7.00% applies to all applicable purchases to which sales tax must apply. This makes calculation for out-of-state sellers much easier.
Lessor's Agreement means a Landlord's Disclaimer and Consent entered into by a Person leasing real estate to the Borrower or a Guarantor pursuant to which such Person makes certain agreements for the benefit of the Agent and the Banks with respect to the locations covered thereby.
Tax-exempt goods Examples include most non-prepared food items, prescription drugs, and medical supplies. We recommend businesses review the Sales Tax Information Bulletins put forth by the Indiana Department of Revenue to stay up to date on which goods are taxable and which are exempt, and under what conditions.
Lessee Purchase at End of Lease If the vehicle is located in Indiana at the time the purchase option is exercised, the vehicle will be subject to Indiana sales tax. Sales tax is collected in the same manner as a retail sale.
A lease or rental is considered a retail unitary transaction and the gross retail income therefrom is subject to sales or use tax.