Sentences with phrase «end of one's lease term»

[2] When Prepaid Maintenance is purchased as part of the lease contract, with matching terms; applies only to vehicles that are returned at end of lease term.
The leasing company actually owns the equipment unless you buy it from them 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Leasing is particularly attractive to business owners who need equipment that becomes outdated quickly, or is expected to suffer a lot of wear and tear over the course of its useful life, because it allows the business to regularly update equipment at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.
At the end of the leasing term, unless you agree with the owner on renewal terms or a buyout, the equipment is returned to the owner.
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.
Additional charges will apply for excessive wear and use at the end of your lease term.
Another advantage to leasing a new car or SUV is the flexibility that comes at the end of the lease term.
At the end of the lease term, you may buy the vehicle for an agreed upon price or return it.
Most Certified Pre-Owned cars are off - lease vehicles that have been turned in at the end of a lease term and the owners have decided to walk - away from buying the vehicle outright.
The automobile has a residual value when you return it at the end of the lease term.
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.
At the end of the leasing term, unless you agree with the owner on renewal terms or a buyout, the equipment is returned to the owner.
The main drawback is that, at the end of the lease term, you are left without a car, and you may owe fees for additional miles or excess wear - and - tear.
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.
The company actually owns the car until the end of the lease term when the title is transferred to the driver.
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.
In many of these cases, the landlord did not provide a provision to return the deposit at the end of the lease 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
At the end of the lease term, the customer can own the dog outright... for an additional payment, of course.
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.
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.
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.
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.
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.
For example, when the tenant gives the landlord notice that he or she will be moving out of the premises before 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 at the end of the lease term, the dealer wants that car back in perfect shape — not banged, bashed, scraped or dented.
But at the end of the lease term, whether three years or longer, what do you have?
If your city does not have an eviction - control ordinance, your landlord may evict you without stating any reason as long as he or she gives a proper 30 - day notice at the end of the lease term.
The lessees, who had the option to buy the property for $ 1 at the end of the lease term, built a warehouse on the land.
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.)»
«The big disadvantage is that you don't own the property at the end of your lease term,» says Tracy.
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.
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.
Give proper notice, move out on time and pay the rent until the end of your 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.
If you self - manage your rental properties you should be prepared to conduct 4 types of inspections, these include routine inspections and those related to the beginning and end of a lease term.
Renewing a lease means that, at the end of the lease term, both parties (you and your tenant) decide to renew the contract.
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.
When the tenant vacates the premises before the end of the lease term, it is a breach of the lease.
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.
With that being said, I'm thinking of collecting both month's rent, explaining expectations moving forward and probably will not renew at 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.
It ends on October 31, which is the end of the lease term.
In addition, at the end of the lease term, the buyer receives the benefit of any appreciation in the value of the property.
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