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Can lease be broken because you income changes?

Updated: 8/18/2019
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13y ago

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No. That's not the landlord's fault.

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13y ago
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Q: Can lease be broken because you income changes?
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Can lease be broken when you have a change in income?

It depends on the text of the lease, but probably not. You're probably stuck with the same lease buy out provisions as you would under any other circumstances. Read your lease.


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Who is obligated to a lease if is has expired?

both parties if the lease changes from written to verbal, month to month.


What does lease re-certification mean?

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How do you report money received as a oil lease bonus?

Payment received for signing an Oil and Gas Mineral lease should be reported as "Ordinary Rental Income" on Schedule E. This is ordinary income that flows from Schedule E to Form 1040, line 17. this is important because it prevents the need to also pay "Self Employment" taxes on the bonus income received.


Can you break a lease on a new vehicle if the vehicle has not yet been delivered to you?

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