New York Material Storage Lease (For Pipe and Equipment)
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How to fill out Material Storage Lease (For Pipe And Equipment)?
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Hear this out loud PauseMaterial default legal definition refers to a party's failure to honor the clauses in a contract. A contract is, by definition, a set of clauses that the signing parties agree to fully fulfill. When that does not happen, it is considered a breach of contract and may result in legal action.
Hear this out loud PauseIn the law of contracts, a material term in a contract is a term or provision that concerns significant issues, such as subject matter, price, quantity, type of work to be done, and terms of payment or performance.
Manufacturers in New York City are eligible for exemptions from state and local sales taxes. The exemptions apply to purchases and installation of machinery and equipment, supplies, or fuel and utilities. Businesses must apply for the exemption with the New York State Department of Taxation and Finance (DTF).
Hear this out loud PauseMaterial Condition means a requirement linked to a regulatory or government approval, impacting the expected benefits of an agreement.
Here is an example of a rent amount clause in a lease: "The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first month's rent and any security deposit is due upon the signing of this Lease by the Tenant.
Hear this out loud PauseThe material terms in any real estate transfer contract include the identification of the transferor, the identification of the transferee, a description of the property and the terms and conditions of the transfer, including the price, if one has been agreed to.
For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.
The Basics Residential Tenancy Branch Policy Guideline 8 defines a material term as: a term that the parties both agree is so important that the most trivial breach of that term gives the other party the right to end the agreement.
