Sentences with phrase «end of lease term»

It ends on October 31, which is the end of the lease term.

But if the clock doesn't start until the end of the lease term, that would be October 31.

Your concerns may be alleviated if your landlord makes it clear that the sale won't happen until the end of your lease term, that the new landlord will respect your lease, or that the sales process will not intrude on your enjoyment of your unit.

When the tenant vacates the premises before the end of the lease term, it is a breach of the lease.

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.

In most cases, the building's tenants are responsible for maintaining both the interior and exterior of the building; however, Seaman noted that if a tenant would like to expand or make improvements prior to the end of their lease term, the company would like the tenant to approach them for the capital.

There's one exception: If the new owner intends to live in the property as a primary residence, tenants can be required to vacate the property before the end of the lease term with a minimum of 90 days» notice.

«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.

It takes maybe 4 - 10 hours of lawyer / paralegal work plus the cost of making arrangements to physically remove the tenant's possessions from the premises, if there is no bona fide dispute over the end of the lease term or the fact that rent is owed.

Most of the time, a landlord and a tenant with a fixed term lease intend the lease to continue indefinitely and establish an end of the lease term primarily to give the parties an opportunity to renegotiate the terms of their mutual arrangement without either party having a status quo advantage.

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.

The landlord has every right to lease the property for the period after the end of your lease term without asking you first and then to give you timely notice to terminate before your lease term ends.

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.

The company actually owns the car until the end of the lease term when the title is transferred to the driver.

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.

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.

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.

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 $ 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.

Our lease terms are customized to meet your needs with various payment structures, lease periods and end of term options available.

It helps Fortune 500 companies in three areas: 1) Lease Sourcing - Save money on financing terms by more efficiently sourcing new equipment leases 2) Lease Performance - Reduce evergreen fees by proactively managing enterprise leases through end - of - term 3) Lease Accounting - Comply with new IFRS and FASB accounting rules governing leases

Under the terms of the agreement struck when plans were first drawn up, the club have until the end of this month to take up the option of the 999 - year lease they agreed with the city council for land in Stanley Park.

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.

New York lawmakers have introduced legislation seeking to ban the option of leasing plans for pets that often come with terms that end up charging people double the animal's cost, with the threat of repossession if they can't keep up with the payments.

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.

Other factors include new - vehicle rebates and incentives, varying interest rates, discounts, model - year changes, longer lease terms, a different deal structure, mileage penalties and end - of - term payoffs.

It's never a good idea to customize leased cars because when your term is up (usually 24 — 36 months) all that «personality» might lower its value and cost you more in end - of - term fees.

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.

Our streamlined lease end - of - term process is easy for Hoffman Estates, IL area customers to follow.

End of term options include buying the vehicle, a new lease agreement on a new vehicle, or just returning the vehicle to your Honda dealer.

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!