Sentences with phrase «if lessee»

If Lessee should be determined to be in default, interest can be terminated by the eviction process.

However, if the lessee does not carry an adequate amount of insurance, you may want to purchase your own coverage independently to insure against the risk of excessive liability.

(1) For the purpose of this Treaty the territory of a Contracting Party shall include all territory under the jurisdiction of that Contracting Party, including air space and territorial waters and vessels and aircraft registered in that Contracting Party or aircraft leased without crew to a lessee who has his principal place of business, or, if the lessee has no such place of business, his permanent residence in, that Contracting Party if any such aircraft is in flight, or if any such vessel is on the high seas when the offense is committed.

However, if the lessee does not carry an adequate amount of insurance, you may want to purchase your own coverage independently to insure against the risk of excessive liability.

Operating & finance leases Operating leases are useful if the lessee needs the equipment to be updated or replaced frequently as: they run for shorter, specific periods shorter than the full economic life of the asset; the lessee is not liable for financing of the asset's full value; the lessee has use of the equipment, but not full ownership; and because the residual value belongs to the lessor.

Not exact matches

Tourism icon The Fremantle Markets could receive a makeover if a proposal before the site's owner, City of Fremantle, to provide the current lessee with a new 21 - year lease worth at least $ 1 million gets the go ahead.

Situations that would normally lead to a lease being classified as a finance lease include the following: the lease transfers ownership of the asset to the lessee by the end of the lease term; the lessee has the option to purchase the asset at a price which is expected to be sufficiently lower than fair value at the date the option becomes exercisable and that, at the inception of the lease, it is reasonably certain that the option will be exercised; the lease term is for the major part of the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset, and; the lease assets are of a specialised nature such that only the lessee can use them without major modifications being made.

If it increases in value during your 60 - month contract, «the lessee pockets the difference between the sale price and the residual value at the end of the lease.»

NHTSA personnel and contractors use PII about individual car buyers / lessees and sole proprietor salvage auctions and disposal facilities to: (1) determine if individual transactions satisfy CARS program requirements; (2) send information about eligible transactions to a DOT financial management system to process vouchers and cause dealers to be paid by DOT / NHTSA for eligible transactions; (3) compare dealer - entered information in the CARS Database System to purchaser and transactional information already within the system to ensure compliance with program requirements and for audit purposes; (4) confirm proper disposal of trade - in vehicles; and (5) prevent, identify, and investigate program violations and fraud.

If you are an owner or lessee of these vehicles, you may still be eligible for a Buyback or Early Lease Termination.

If you are an Eligible Owner or Eligible Lessee and you selected an Approved Emissions Modification, you will need to bring the below information to your service appointment:

** SAVE an extra $ 1000 in the form of a Factory Rebate if you are current Lessee of a Non-Chrysler, Dodge, Jeep or RAM Truck.

Lessee pays for excess wear and mileage of $ 0.30 for each mile over 10,000 miles per year, if vehicle is returned at end of term.

TDI owners and lessees can go to www.vwcourtsettlement.com to see if their specific vehicle is covered by the settlement.

Being a battery - electric vehicle, the Focus Electric also grants the lessee a $ 7,500 Federal Tax Credit, plus a $ 2,500 tax rebate if he or she lives in California.

If a homeowner's short - term renting activity can be defined as commercial, they should strongly consider purchasing an endorsement (if their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay therIf a homeowner's short - term renting activity can be defined as commercial, they should strongly consider purchasing an endorsement (if their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay therif their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay there.

The term includes any contract in the form of a bailment or lease if the bailee or lessee contracts to pay as compensation for use a sum substantially equivalent to or in excess of the aggregate value of the property or services involved and it is agreed that the bailee or lessee may become for no other or a nominal consideration the owner of the property upon full compliance with the bailee's or lessee's obligations under the contract.

And man, acting as if he owned this world, or at least had come into leasehold possession of it, has played his role as lessee very indifferentlyâ ¦» (Lyton Caldwell, 1971)

If BOEM determines competitive interest in the proposed lease area no longer exists because only one potential lessee is interested in the area, BOEM may proceed with the non-competitive process and negotiate the terms of the lease directly with the interested company.

Each household may receive the Clean Fuel Rebate only one time for an EV, but if you transfer ownership, the new owner (or lessee, if applicable) will qualify for a rebate — as long as the new owner or lessee meets the other eligibility requirements and the vehicle has not reached the maximum of three rebates associated with the EV.

(Sec. 383) Allows a lessee to withhold from payment any royalty due and owing to the United States under any leases under the Outer Continental Shelf Lands Act for offshore oil or gas production from a covered lease tract if, on or before the date that the payment is due and payable to the United States, the lessee makes a payment to the state of 44 cents for every $ 1 of royalty withheld.

A lawyer may assert that she always reviews any provisions in an equipment lease relating to early termination penalties with lessee clients; but if asked to recall the details (when?

For instance, if your abuser owns the home or is on the rental agreement, then he or she has the legal right to live in that home — even if you are also an owner, renter, or lessee.

Which means, if there is an accident involving a child on the premises, the tenant / lessee can not shield itself from liability by claiming since it doesn't own the property it is not liable for the victim's damages.

(3) A part of the common elements of a corporation that is not a common elements condominium corporation constitutes a separate parcel for the purpose of municipal assessment and taxation if it is leased for business purposes under section 21, the lessee carries on an undertaking for gain on it and it is in the commercial property class prescribed under the Assessment Act.

Premises will not qualify as commercial if all or any part of them is lawfully let or occupied as a dwelling by the immediate, or any inferior, lessee.

The relevant code says «If the lessor fails to perform his obligation to make necessary repairs within a reasonable time after demand by the lessee, the lessee may cause them to be made.

If it is leased, you must provide a copy of the lease agreement specifying the driving school as the lessee.

If a homeowner's short - term renting activity can be defined as commercial, they should strongly consider purchasing an endorsement (if their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay therIf a homeowner's short - term renting activity can be defined as commercial, they should strongly consider purchasing an endorsement (if their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay therif their homeowners insurance company offers one) or a separate policy to cover themselves and their home while lessees stay there.

Please let me know your experience with cosigners and if you would have any problems with a parent being a non resident lessee so that they can monitor condition and have a little more control.

Before executing the lease, provide the lessee with a copy of the federal pamphlet Protect Your Family From Lead in Your Home, as well as copies, if available, of any existing lead paint test results; disclose the presence of any known lead - based paint hazards on the property.

«At this stage, it is pretty clear that if you are a lessee you are going to have to put these leases on your balance sheet,» says Bob O'Brien, a partner, vice chairman and global leader of the real estate sector at consulting firm Deloitte.