Virginia Storage Yard Lease (Fiber Optic Equipment) is a legal document that outlines the terms and conditions for leasing a storage yard in Virginia specifically for storing fiber optic equipment. This lease agreement is designed to provide a secure and dedicated space for storing valuable and sensitive fiber optic infrastructure. The Virginia Storage Yard Lease (Fiber Optic Equipment) typically includes the following key elements: 1. Parties Involved: This section identifies the lessor (owner of the storage yard) and the lessee (the entity or individual who will be leasing the yard for storing fiber optic equipment). Both parties' legal names and contact information are mentioned. 2. Description of the Yard: This part provides a detailed description of the storage yard, including its physical location, dimensions, and any unique features or amenities it may offer, such as climate control or security systems. 3. Term and Rent: The lease agreement states the duration of the lease, including the start and end dates. It also outlines the rent amount and the frequency of rental payments, whether monthly, quarterly, or annually. 4. Permitted Uses: This section specifies that the storage yard is dedicated to storing fiber optic equipment and related materials only. It may restrict any other uses, ensuring the security and integrity of the leased space. 5. Maintenance and Repairs: The responsibilities for maintaining and repairing the storage yard are mentioned in this section. It typically states that the lessor is responsible for major repairs and structural maintenance, while the lessee is responsible for minor repairs and day-to-day upkeep. 6. Insurance and Liability: The lease agreement generally requires the lessee to obtain adequate insurance coverage for the stored fiber optic equipment, protecting both parties from potential losses, damages, or liabilities. 7. Access and Security: This section highlights the lessee's right to access the storage yard during the lease term and specifies whether any security measures, such as gated access or surveillance systems, are in place to ensure the safety of the equipment. 8. Termination: The terms and conditions for terminating the lease agreement are stated, including any notice periods that may need to be given by either party. 9. Governing Law and Jurisdiction: This clause specifies that the lease agreement is governed by Virginia state laws and any disputes arising from it will be resolved in the county or district where the storage yard is located. Different types of Virginia Storage Yard Lease (Fiber Optic Equipment) may vary based on the specific terms and conditions mentioned above, as well as any additional provisions or clauses tailored to the requirements of the lessor or lessee. However, the main purpose remains consistent across all types — providing a secure storage space for fiber optic equipment in Virginia.
Virginia Storage Yard Lease (Fiber Optic Equipment)
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(Contingent expiration date ? see note) Exemptions. 15. When it is a deed transferring property pursuant to a decree of divorce or of separate maintenance or pursuant to a written instrument incident to such divorce or separation.
Is leased equipment taxable? Yes. The tax liability is determined by the lease agreement between the lessee and lessor. If the lessor is required to file and pay the tax, the lessee should list the leased equipment on the back of the business personal property filing form.
A sales tax is a consumption tax on the sale of goods and services. A sales tax is usually charged as a percentage of the retail cost at the point of purchase. Local and municipal governments may charge their own sales tax, which is added to the state sales tax.
No return of any state or local tax need be verified by the oath or affirmation of the person or persons who are required by law to sign the return but the signature of such person or persons to any such return shall be sufficient.
Virginia's data center tax incentives currently run through 2035, and offer exemptions for sales and use taxes for data center companies that invest more than $150 million in computer equipment and software. The new Mega Data Center Incentive Program includes "up to a 15-year extension" of the tax breaks.
"Sale" means any transfer of title or possession, or both, exchange, barter, lease or rental, conditional or otherwise, in any manner or by any means whatsoever, of tangible personal property and any rendition of a taxable service for a consideration, and includes the fabrication of tangible personal property for ...
A. Every pass-through entity doing business in Virginia, or having income from Virginia sources, shall make a return to the Department of Taxation on or before the fifteenth day of the fourth month following the close of its taxable year. Such returns shall be made and filed in the manner prescribed by the Department.
Value of the estate; time of valuation. A. The tax imposed by this article shall be based upon the value of all property, real and personal, within the jurisdiction of the Commonwealth, which shall pass from the decedent to each beneficiary by will or intestacy.