Define: Resident individual

How is Resident individual defined in a legal contract?

• Resident individual means a person who resides within a specific region for a non-temporary purpose during a [taxable year]. If found within the specified region for more than [number] days in a year, this person is presumed to be a resident. Seen in 139 SEC filings
• Resident individual means a person who remains in a particular area for more than [six months] of the [taxable year], unless proved otherwise. If this condition is met, the person is presumed to be a resident. Seen in 10 SEC filings
• Resident individual means a natural person residing within a specific region for over [seven months] during the [taxable year]. If unable to provide evidence to the contrary, this person is presumed to be a resident. Seen in 8 SEC filings
• Resident individual means a natural person who maintains a permanent place of abode within a specific region and who resides in that same region for more than [six months] of the [taxable year]. A 'non-resident individual' refers to an individual who does not meet this criteria. Seen in 8 SEC filings.
• Resident individual means an individual that holds a domicile in a specific region for any period of time during the [taxable year], however, only for the duration of the residency in that particular region. Seen in 7 SEC filings
• Resident individual means a person who is domiciled in a specific State. Seen in 7 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of resident individual' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Resident individual means a natural person residing in a specified region for more than [number] months in a [taxable year], unless proven otherwise.

Relevant Contract Types

• Lease Agreement
• Employment Contract
• Tax Compliance Agreement
• Immigration Agreement

Relevant Circumstances

• Any arrangements in which an individual's residency needs to be determined for purposes such as taxation, rights to vote, and eligibility of services.
• In cases where duration of stay at a particular location may impact the individual's legal or regulatory status.

Relevant Sectors

• Real Estate
• Human Resources
• Tax & Accounting Services
• Immigration Services

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Genie Definition 2

Resident individual means a person who maintains a fixed abode and exists in a given region for a significant part of the [taxable year].

Relevant Contract Types

• Lease Agreement
• Rental Agreement
• Residential Agreement

Relevant Circumstances

• Instances where the individual's location is essential to the execution of the contractual obligations.
• In cases where the individual's permanent residence is necessary to understand their legal responsibility or entitlement.

Relevant Sectors

• Real Estate
• Property Rentals
• Housing Services

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