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).
Minnesota Lessor's Form
Category:
State:
Multi-State
Control #:
US-OG-091
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Lessor's Form?
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FAQ
Every owner applying for a self-propelled motor vehicle or motorcycle/moped registration, re-registration, or transfer of ownership must provide proof of insurance. Required insurance information includes the insurance company's name, the policy number and the policy expiration date.
Gifts. The transfer of a motor vehicle between specifically identified individuals is not charged sales tax if the transfer is a gift for no monetary or other consideration, or other expectation of consideration. The specific individuals are: spouses, parents and children, and grandparents and grandchildren.
What Do I Need to Transfer the Title? In every case you will need to present the most current title. If you do not have the most current title, the seller will need to obtain a duplicate from the state the title was issued from. Sellers and buyers will need to complete and sign the appropriate section on the title.
???Typical fees to transfer and title a vehicle: Title Fee: $8.25 (plus $2 for each lien recorded)
Minnesota law requires a title be transferred within 10 business days of the date of sale to avoid a penalty. The Anoka County License Centers recommend that all buyers and sellers appear in person to complete the title transfer.
All sellers must handprint their name and sign in the assignment area of the title. The seller must list the sales price of the vehicle in the sales tax declaration area on the back of the certificate of title. The seller must enter the date of sale and complete any disclosure statements that apply.
Late fee. In addition to any fee or tax otherwise authorized or imposed upon the transfer of title for a motor vehicle, the commissioner of public safety shall impose a $2 additional fee for failure to deliver a title transfer within ten business days.