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You were late on your lease payment and your car was repode do you lose your trade in?
Wiki User
∙ 16y ago
you defaulted, a contract is a contract and you have lost your trade in
Wiki User
∙ 16y ago
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How does a late payment on an apartment lease affect your credit rating?
Late Payment on Apartment LeaseA lease will not show on your credit report; unless there was a judgment against you.
Can a landlord break a rental lease because you paid your rent late?
If you paid your rent late, he didn't break the lease - you did. He can now move to terminate the lease.
If a landlord has 3 months of extra rent if the rent is late can a penalty be charge. Credit card won't charge a late fee if there's over payment. how does this work in a lt situation am I late?
In NY, landlords can charge reasonable late fees to tenants who are late on their rent if this is disclosed in the lease agreement.
What can be done if a Tenant is late with the first rent payment?
Depends on your lease. If the lease says something happens, then it does. If the lease is not in writing, one of a few things can happen. Nothing is one. If it's very late the landlord could ask you for something like a late fee, and you could agree or not. The landlord could threaten to terminate your lease if you don't pay some kind of late fee, and that's a dilemma, especially where you set up a situation where you start paying late fees, then the next time the landlord will expect you to pay it like an additional part of the (unwritten) lease agreement
If a landlord refuses you rent is the lease broken by them?
It depends if you are already late or in the process of getting Evicted. IF you are current on your rent payments and the Landlord denies your rent payment. He/She must give you an explanation to why. If they don't then yes they are breaking the lease agreement because they are required to collect the rent money from you and they are not allowed to make you late either which is completely illegal
What are the costs of leasing a car?
The following information assumes you're talking about a closed-end lease, the most common type of vehicle lease. With a closed-end lease, you may return the vehicle at the end of the lease term, pay any end-of-lease costs, and walk away. At the beginning of the lease, you may have to pay your first monthly payment; a refundable security deposit or your last monthly payment; other fees for licenses, registration, and title; a capitalized cost reduction (like a down payment); an acquisition fee (also called a processing or assignment fee); freight or destination charges; and state or local taxes. During the lease, you will have to pay your monthly payment; any additional taxes not included in the payment such as sales, use, and personal property taxes; insurance premiums; ongoing maintenance costs; and any fees for late payment. You'll also have to pay for safety and emissions inspections and any traffic tickets. If you end your lease early, you may have to pay substantial early termination charges. At the end of the lease, if you don't buy the vehicle, you may have to pay a disposition fee and charges for excess miles and excess wear. When comparing different car lease offers and negotiating terms, consider: the agreed-upon value of the vehicle -- a lower value can reduce your monthly payment up-front payments, including the capitalized cost reduction the length of the lease the monthly lease payment any end-of-lease fees and charges the mileage allowed and per-mile charges for excess miles the option to purchase either at lease end or earlier whether your lease includes "gap" coverage, which protects you if the vehicle is stolen or totaled in an accident. Ask for alternatives to advertised specials and other lease offerings.
Can a landlord purposely avoid taking rent money in an attempt to evict the renter on grounds of not paying rent?
Not if the rent is being paid on time. But landlords can try. If this happens then the tenant will need to pay the rent to the Clerk of Court or prothontary's registry. He can then explain to the judge and probably win. Now, if the rent is not paid on time and the landlord charges late fees, then the landlord has the right to refuse to take the payment if the late fee is not included in the payment, provided it says on the lease that the late fees become part of the rent for which no partial payment is accepted.
If you share an apartment with a roommate and both are on the lease and your roommate bounces a check but pays within the week will it affect your score?
Depends on if your apartment community reported to the credit bureau's as being a late payment. Most of the apartments where I have lived, didnt report it when I was a month late. Apartments usually get you if your late constantly or evicted from the apartment. You could ask your landlord if they reported it as being late.
Can an Auto Ins Company Charge a late fee without your knowledge and only find out when you are 4 days late on a payment?
i am late on payment for auto insurance what can i do.
Is there a Georgia rental late fee limit?
From my understanding of the laws in the state of Georgia (USA) as far as a home/property rental, there is no limit on the late fee so long as the late fee has been agreed upon by the tenant and landlord in the signed lease. If there is no late fee mentioned in the lease, the landlord can not just decide to charge one and make one up. From the State of Georgia's Department of Community Affairs' (DCA) Landlord-Tenant Handbook: The date the rent is due should be stated in your lease or agreed upon by the landlord and tenant. There is no law which specifies any grace period or designates a rent due date. Rather, a grace period is a matter of agreement between the landlord and tenant. It allows the tenant extra time in which to pay the rent without breaching the lease or rental agreement. The landlord and tenant may agree to any grace period they choose or they can agree not to have a grace period. In addition, a grace period may be created based on the landlord's conduct of accepting late rent over the course of several months without charging a penalty. If a tenant fails to pay the rent by the required date, including the time allowed for a grace period, the landlord may charge a late fee if the late fee is provided for in the lease. If the lease does not allow for a late fee, the landlord is not allowed to impose such a fee. The amount of the late fee will be the amount agreed upon by the landlord and tenant in the lease itself.
What happens when a card holder makes a late payment?
It depends on the circumstances. Often, card companies will forgive a 'one-off' late payment. Subsequent lapses will result in a late payment fee - usually an expensive 'mistake' !
Are late payment of taxes deductible?
no
