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The Ohio Bureau of Motor Vehicles (abbreviated BMV) is an agency of the Ohio Department of Public Safety that registers motor vehicles and issues license plates and driver's licenses in the U.S. state of Ohio. It is headquartered in the state capital, Columbus, and operates deputy registrar's offices and driver exam stations throughout the state.
Should the tenant/buyer be unable to purchase the house due to a lack of financing, the tenant and landlord can agree to extend the option period, convert the lease purchase contract into a traditional rental agreement, or end the contract with the tenant moving out and the landlord seeking other renters or buyers. [4]
A commercial driver's license is required to operate a tractor-trailer for commercial use. A commercial driver's license (CDL) is a driver's license required in the United States to operate large and heavy vehicles (including trucks, buses, and trailers) or a vehicle of any size that transports hazardous materials or more than 15 passengers (including the driver).
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Ohio drivers pay some of the cheapest car insurance premiums throughout the country, on average. For comparison, the national average cost of a full coverage policy is $2,542 per year, and $740 ...
In the United States, a vehicle is designated "commercial" when it is titled or registered to a company. This is a broad definition, as commercial vehicles may be fleet vehicles, company cars, or other vehicles used for business. Vehicles that are designed to carry more than 15 passengers are considered a commercial vehicle.
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...