A Rhode Island Termination Statement is a legal document that serves as a notification of the termination or release of a security interest in personal property. It is filed with the Rhode Island Secretary of State's office to provide notice to interested parties that a secured interest has been discharged or released. The Rhode Island Termination Statement is an essential document in the process of concluding a loan transaction or when a debtor has satisfied their debt or obligation. It officially terminates any previous UCC-1 financing statement that was filed to create and establish a security interest in the personal property of the debtor. There are several types of Rhode Island Termination Statements, each with its specific purpose and requirements. The most common types include: 1. Voluntary Termination Statement: This type of termination statement is filed voluntarily by the secured party to release their security interest in the debtor's personal property. It signifies that the debt has been repaid, the loan has been satisfied, or the obligation has been fulfilled. 2. Full Satisfaction Termination Statement: This statement is filed by the secured party to indicate that the debt or obligation has been fully satisfied, and there is no further claim on the debtor's personal property. It provides a complete release of the security interest. 3. Partial Release Termination Statement: In situations where a debtor has satisfied a part of their debt or obligation, this statement is filed to release the security interest in the specific portion of the personal property that has been paid off or fulfilled. It acknowledges the partial satisfaction of the debt. 4. Assignment Termination Statement: If a secured party transfers their security interest to another party, the assignment termination statement is filed to indicate that the original security interest has been assigned to a new secured party. It effectively terminates the interest of the original secured party. 5. Release of Collateral Termination Statement: In cases where a debtor provides additional collateral to secure an existing debt or obligation, this statement is filed to release the previously held security interest in the original collateral. It acknowledges the substitution or release of collateral. Filing a Rhode Island Termination Statement is crucial to inform interested parties, such as potential creditors or buyers, that the security interest in the debtor's personal property has been terminated or released. It provides clarity and transparency in financial transactions, protecting the rights and interests of all parties involved.
Rhode Island Termination Statement
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How to fill out Rhode Island Termination Statement?
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Pursuant to RI law, to evict a month-to-month tenant, a landlord must send a 30 day notice to terminate the month to month tenancy. When the 30 day time period expires, then the landlord or the landlord's Rhode Island eviction lawyer may file a complaint for eviction in Providence District Court.
Pursuant to RI law, to evict a month-to-month tenant, a landlord must send a 30 day notice to terminate the month to month tenancy. When the 30 day time period expires, then the landlord or the landlord's Rhode Island eviction lawyer may file a complaint for eviction in Providence District Court.
Rhode Island Eviction Process Timeline Steps of the Eviction ProcessAverage TimelineIssuing an Official Notice5-90 daysIssuance and Service of Summons and Complaint5 days before the hearing for evictions about failure to pay rentTenant Files an Answer9-20 days3 more rows ?
(b) The landlord or the tenant may terminate a month-to-month tenancy or any periodic tenancy for more than a month or less than a year by a written notice, in a form substantially similar to that provided in § 34-18-56(c), delivered to the other at least thirty (30) days before the date specified in the notice.
Comply With the Eviction Notice, If Possible If you comply with the eviction notice by either paying all the rent due and owing or correcting the lease violation, then, in Rhode Island, the landlord must not proceed with the eviction (see R.I. Gen. Laws §§ 34-18-35 and 34-18-36 ).
Primary tabs. A 30-Day notice is usually used by a landlord to terminate or change a month-to-month lease or a periodic lease. A 30-day notice does not apply to fixed-term leases, as these types of leases impose an obligation upon landlords to comply with the lease for the entirety of the agreed term.
The landlord or the tenant may end a week-to-week oral or written rental agreement (tenancy) by sending a written notice (like the copy of section 56c in the appendix) by first class (regular) mail to the other party. It must be postmarked more than ten days before the specified termination date.
To close your business in Rhode Island, you must satisfy all filing obligations with both the RI Division of Taxation and the RI Department of State. To dissolve your business, it must be active and up to date with all filings with the RI Department of State. To verify your status, email corporations@sos.ri.gov.
