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).
Kentucky Lessor's Form
Category:
State:
Multi-State
Control #:
US-OG-090
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Lessor's Form?
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FAQ
You can give your car to your child or charity by completing the assignment on the back of the title and have the transaction notarized at the clerk's office. Make sure to write down, ?Gift,? in the purchase price section. Property taxes will still be assessed based on the current book value of the car.
??????TRANSFERRING OWNERSHIP???? The buyer takes the signed title, proof of Kentucky Insurance, proof of Identification, and money for fees and applicable taxes to their local County Clerk's office for transfer. Older Titles before 2000 may require a completed TC96-182? to complete the transfer process.
What you will need: Original Kentucky Title. Original Kentucky Registration. Proof of current Kentucky liability insurance in the buyer's name for the purchased vehicle. Picture identification for buyer and seller. ... Social Security Number for each new owner(s) appearing on the title or Federal Tax ID Number for companies.
A Kentucky car title transfer consists of two stages. The buyer and seller meet in person, with a notary public. The buyer pays the seller. All three parties (buyer, seller, and notary) fill out and sign the physical title certificate.
If the buyer or seller's signature is notarized by the County Clerk's Office, the person must appear in person with a valid Kentucky I.D. A $2.00 notary fee is charged for each signature.
Enter name(s) and address of buyer(s) on the first line at the top. On the next two lines on the left, the seller (Transferor) must print name(s) and sign on the lines as provided. MAKE SURE TO PRINT YOUR NAME (OR NAMES) EXACTLY as appears on the front of the title (DON'T USE SHORT NAMES OR NICKNAMES!).
The vehicles you report should have regular type registrations where property taxes are payable to the county clerk in the county where the vehicle is customarily kept. If leased vehicles are reported the public service company, as lessee, must be responsible for paying the motor vehicle property tax.
Once a business entity or individual is deemed to be in the business of renting real property, all of the real property rental income is subject to the Occupational License tax, regardless of the property class or annual gross rental receipts.