Lease or rental means the leasing or renting of tangible personal property and the possession or use
Lease or rental means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration. A "lease or rental" may include future options to purchase or extend.
Lease or rental means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration and may include future options to purchase or extend. This definition applies only to leases and rentals entered into after September 1, 2004 and has no retroactive impact on leases and rentals that existed on that date. Lease or rental does not include the following subparagraphs (i) to (iii) and includes subparagraph (iv):
Examples of Lease or rental in a sentence
Lease or rental arrangement existing before the date of disaster shall be used to determine an eligible producer.
Lease or rental agreements are required between the transitional housing project and the household.
Lease or rental" means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration.
If Tenant(s) vacate the rental unit before the Lease or rental agreement has ended, Tenant(s) shall remain responsible for the entire rent of the unit until it is fully re-rented or until the end of the Lease, whichever comes first.
Owner may not terminate the tenancy or refuse to renew the Lease or rental agreement of Tenant except for good cause, which includes, but is not limited to, serious or repeated violations of the material terms and conditions of the Lease or house rules, or a violation of applicable federal, state, or local law.
More Definitions of Lease or rental
Lease or rental means the leasing or renting of tangible personal property and the possession or use thereof by the lessee or renter for a consideration, without transfer of the title to such property.
Lease or rental means any transfer of possession or control of tangible personal property for
Lease or rental means the leasing or renting of tangible personal property and the possession or use thereof by the lessee or rentee, for a consideration, without transfer of the title of such property. The term "lease or rental", however, as herein defined, shall not mean or include the lease or rental made for the purposes of re-lease or re-rental of casing tools and pipe, drill pipe, tubing, compressors, tanks, pumps, power units, other drilling or related equipment used in connection with the operating, drilling, completion or re-working of oil, gas, sulphur or other mineral wells. The term "lease or rental" shall not mean or include a lease or rental of property to be used in performance of a contract with the U. S. Department of the Navy for construction or overhaul of U. S. Naval vessels, nor the lease or rental of airplanes or airplane equipment by a commuter airline domiciled in Louisiana, nor the lease or rental of items, including, but not limited to, supplies and equipment, which are reasonably necessary for the operation of free hospitals.
Lease or rental means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration. A lease or rental may include future options to purchase or extend.
(1) Lease or rental does not include: (A) A transfer of possession or control of property under a security agreement or deferred payment plan that requires the transfer of title upon completion of the required payments;
Lease or rental means any transfer of possession or control of tangible personal property for a fixed or indeterminate term for consideration and may include future options to purchase or extend. This definition applies only to leases and rentals entered into after the effective date of the amendatory act that added this section and has no retroactive impact on leases and rentals that existed on that date. Lease or rental does not include the following:
Lease or rental means a transfer, for consideration, of the use but not the ownership of property to another for a period of time. [G.S. Sec. 105-164.3(7a)]
Lease or rental means any transfer of possession or control of tangible personal property 5 for a fixed or indeterminate term for consideration. A lease or rental may include future 6 options to purchase or extend.
7 A. Lease or rental does not include:
8 1. A transfer of possession or control of property under a security agreement or deferred 9 payment plan that requires the transfer of title upon completion of the required 10 payments;
11 2. A transfer or possession or control of property under an agreement that requires the 12 transfer of title upon completion of required payments and payment of an option price 13 does not exceed the greater of one hundred dollars or one percent of the total required 14 payments; or
15 3. Providing tangible personal property along with an operator for a fixed or 16 indeterminate period of time. A condition of this exclusion is that the operator is 17 necessary for the equipment to perform as designed. For the purpose of this 18 subsection, an operator must do more than maintain, inspect, or set-up the tangible 19 personal property.
20 B. Lease or rental does include agreements covering motor vehicles and trailers where the 21 amount of consideration may be increased or decreased by reference to the amount 22 realized upon sale or disposition of the property as defined in 26 USC 7701(h)(1).
23 C. This definition shall be used for sales and use tax purposes regardless if a transaction is 24 characterized as a lease or rental under generally accepted accounting principles, the 25 Internal Revenue Code, the [state commercial code], or other provisions of federal, state 26 or local law.
27 D. This definition will be applied only prospectively from the date of adoption and will 28 have no retroactive impact on existing leases or rentals. This definition shall neither 29 impact any existing sale-leaseback exemption or exclusions that a state may have, nor 1 preclude a state from adopting a sale-leaseback exemption or exclusion after the 2 effective date of the Agreement.