Sentences with phrase «at end of lease term»

The biggest risk would be investing in real estate without knowing the risks, or just plain lack of experience.By investing through our program you are investing in experts who have done all of the research on the investment for you.We have mitigated every possible risk and through our program they are narrowed down to just a few: firstly, if the tenants walks away from the property.This is highly unlikely, since the tenant would also be walking away from their down payment as well a large sum of money they would have saved in a mandatory trust through the monthly lease option payments.Furthermore, if they do actually walk away, we have ensured that the property is in a sought - after neighbourhood and city, in which case we will find another lease to own tenant and take another down payment.Secondly, if the tenant is not able to qualify for a mortgage at the end of the lease term, we may extend the term until they qualify, or in a worst case, ask them to leave and find a new tenant.

By providing the minimum down payment for the property, we will put your name on the title and pay you a monthly cash return as well as pay out when the tenant exercises the option to purchase at the end of the lease term.

A security deposit is not taxable, based on the thought that your intent is to return this deposit at the end of a lease term.

«The big disadvantage is that you don't own the property at the end of your lease term,» says Tracy.

You want someone who literally takes the client through the mortgage application process and figures out what the client needs to do (to be able to qualify for a mortgage at the end of the lease term.)»

And at the end of the lease term, the dealer wants that car back in perfect shape — not banged, bashed, scraped or dented.

If a lease ends, and the agreement does not speak to what happens at the end of the lease term, there is no automatic renewal.

Lease with Option to Purchase Agreements, also called Lease to Own Agreements, allow renters who are working on improving their credit to move into a home they will have the option to buy at the end of the lease term.

If a landlord envisages that it will want possession of its property at the end of a lease term, then contracting out of the Act is crucial.

This is also a good opportunity to determine what the term of the lease is and what happens at the end of the lease term with your deposit and the process for getting your deposit back.

In many of these cases, the landlord did not provide a provision to return the deposit at the end of the lease term.

If a lease ends, and the agreement does not speak to what happens at the end of the lease term, there is no automatic renewal.

And remember that although the monthly cost will be lower than if you purchase with a loan, at the end of the lease term you will not own the solar panels.

Your monthly lease payment is based on the difference between the vehicle's selling price — its capitalized cost — and what its worth would be at the end of the lease term — its residual value.

The automobile has a residual value when you return it at the end of the lease term.

Another advantage to leasing a new car or SUV is the flexibility that comes at the end of the lease term.

Additional charges will apply for excessive wear and use at the end of your lease term.

Leasing is particularly attractive to business owners who need equipment that becomes outdated quickly, or is expected to suffer a lot of wear and tear over the course of its useful life, because it allows the business to regularly update equipment at the end of the lease term.

The leasing company actually owns the equipment unless you buy it from them at the end of your lease term.

Not exact matches

Unlike purchase arrangements at other carriers, Sprint's leases require the customer to turn their iPhone in at the end of the 18 - month term or make a lump sum payment (customers can also upgrade their phone after 12 months).

At the end of the term you can buy the equipment back, extend the lease, or upgrade to newer equipment with another lease.

At the end of the predetermined lease term, depending upon the lease, the business owner may be able to purchase the equipment at fair market value, or a predetermined amount — sometimes for as little as $ At the end of the predetermined lease term, depending upon the lease, the business owner may be able to purchase the equipment at fair market value, or a predetermined amount — sometimes for as little as $ at fair market value, or a predetermined amount — sometimes for as little as $ 1.

Alternatively, if a vehicle is forecast to run lower kilometers than what is actually outlined in the lease agreement, the fleet manager can increase the trips for this vehicle or negotiate the terms at the end of the lease with the leasing company.

The marital lease could be renewed at the end of the term however many times a couple likes.

At the end of that term, the district will evaluate Garibaldi's before deciding whether to extend the lease.

The terms are similar to those of the lease due to expire at the end of this year, officials said.

The major terms of a new lease for the Buffalo Bills at Ralph Wilson Stadium could be hammered out before the Bills go to training camp near the end of July, according to Erie County Executive Mark C. Poloncarz.

If the lease agreement contains an optional clause providing the hirer with a right to purchase the equipment at the end of the term, it is a hire purchase agreement.

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.

Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $ 0.25 / mile over 30,000 miles and a disposition fee of $ 350 at lease end.

As you approach the end of your lease term, you'll have the option to either turn in your current vehicle at your dealership or purchase your current Audi vehicle.

Jessica helped us figure out what leasing terms worked best for us and at the end of the day made it our choice to go with it!

It's important to remember that a lease means you're borrowing only a portion of the car's full value and you'll either have to trade it in for a new one or buy it at the end of the term.

There is a section at the end of the new lease that allows a landlord to attach a document with additional terms not already in the lease.

As noted above, the vast majority of the leases are for 15 - 20 years; at the end of 2014, there were 12 years left on the average remaining lease, with one - fifth of the leases ending by 2020 and a total of 37 % of the lease terms concluding by 2024.

At the end of the term or the lease, you need to renew the lease or move out.

In exchange for lower monthly payments, they either have to return their vehicles at the end of the term (typically three years) and meet all the conditions spelled out in their lease agreements or buy out the lease and purchase their leased car.

Q: «I recently leased a Honda Fit and plan to buy it at the end of the five - year term.

The entire amount of your lease payment may not be tax deductible if your lease terms include any provision allowing you to own the equipment at the end of the lease

Meaning, you make payments for the term of the lease, but you own nothing at the end of the lease.

Lease terms change with market conditions but there are generally several options at the end of the lease:

However, at the end of your lease, he's under no obligation to renew that lease under the current terms and conditions, nor even at all.

Check the terms of your agreement to find out whether you'll own the item at the end of the lease or rental period.

«Some leases offer a one dollar buyout at the end of the term,» he says.

At the end of the lease's term, homeowners can opt to purchase the system outright, or the solar leasing company can reclaim and remove the system, reusing or recycling the components, or perhaps relocating the entire system at another locatioAt the end of the lease's term, homeowners can opt to purchase the system outright, or the solar leasing company can reclaim and remove the system, reusing or recycling the components, or perhaps relocating the entire system at another locatioat another location.

The amount of flexibility is what separates month - to - month from fixed term leases; the former automatically renews at the end of each period without the landlord or tenant having to say or do anything.

The tenant served notice that it wished to exercise the option to renew in time but failed in negotiations to agree to the new rental rate at least 9 months before the end of the original term as required in the lease.

The emails sent by the landlord's lawyer in the first instance did not provide a reasonable time to cure the breach of the lease and in the 2nd instance merely stated the position of the landlord that the lease was terminated at the end of its initial term and if the tenant didn't agree, the landlord would bring a motion to terminate the lease.

In the subject case on the Landlord's original application for a declaration that the lease be at an end upon the expiry of the initial term, it was found that due to circumstances as outlined above, the lease was uncertain as to a material term (the rental rate) and as such the parties were left without an enforceable agreement.

- At the end of the term of the lease, the new owner may terminate the tenancy if the new owner provides a 90 - day notice.