Sentences with phrase «portion of the lease payments»

If the buyer defaults, the seller does not refund any portion of the lease payments or the option money and may retain the right to sue for specific performance.

Not exact matches

Escrow Payment — That portion of a mortgagor's monthly payments held by a lender or servicer in an account to pay taxes, hazard insurance, mortgage insurance, lease payments, and other items as they become due.

With a lease, you set up parameters to make payments that cover the portion of the vehicle that you use over the life of your lease; we maintain ownership of the vehicle.

Because you're only paying off a portion of the vehicle's total value, monthly payments on a lease are much lower than what you'd be making on your average auto loan.

That portion of a borrower's monthly payments held by the lender or servicer to pay for taxes, hazard insurance, mortgage insurance, lease payments and other items as they become due.

Protect Your Investment with a Rental Cancellation Policy - Having a cancellation clause in your agreement will allow you to collect a cancellation fee and return only a portion of any payment made if the lease is canceled too close to the rental date.

If you work in sales and you need a car that will impress clients, leasing can be smart — and if you use the car for business, you may be able to deduct a portion of the payments on your taxes.

This plan...» Rent -2-Own» provides for the residents of a family living unit to earn the equity to purchase their rental unit over a long lease period by receiving both appreciation and a portion of the rent credited to down payment.

Cushman & Wakefield v. Northeastern Industrial Park (246 A.D. 2d 303)-- owner is liable for brokerage commission stipulated in commission agreement notwithstanding that it is not a party to either the renewal lease procured by broker or the prior lease, where owner identified itself in the commission agreement as the landlord of the premises, and, throughout the lease negotiations and continuing even after broker first demanded its commission, consistently held itself out as one in the same as the company identified in the lease as the landlord; commission agreement clearly requires payment of the full term commission at the commencement of the lease should the lease, as it does, require the tenant, should elect to cancel, to reimburse the landlord for the portion of the commission attributable to the cancelled term.

Additionally, in most lease - option situations, a portion of the rent being collected is applied to a future down payment on the home.