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Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
What are some acceptable reasons for breaking an apartment lease in Florida?
For the Landlord: You are violating the terms of the lease For the Tenant: Disability or death The unit is in disrepair to the point you cannot live there Your home has been burglarized or invaded Landlord abusive
Are executory costs included in aggregate lease payments?
No we will not incurred executorycosts in aggregate lease paymentsMinimum Lease payments : Minimum rental payments + guaranteedresidual value + penaltyfor not renewing or extending lease + bargainpurchase optionMinimum rental payments: Regular payment to lessor, exc'lexecutorycosts (ie.insurance,maintenance, tax).
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
Will My Payments Increase In Between The Term Of The Lease?
No. Your payments are locked in for the complete term of the lease. However, in case the tax rates increase, then on that way it will affect your payments.
How do you calculate lease liability?
To calculate lease liability, first identify the total lease payments over the lease term, including fixed payments, variable payments that depend on an index, and any residual value guarantees. Then, determine the discount rate, which is typically the interest rate implicit in the lease or the lessee's incremental borrowing rate if the implicit rate is not readily determinable. Finally, present value these lease payments using the discount rate to arrive at the total lease liability.
Can the landlord charge adverstment on breaking a lease if it is not in the lease?
Yes
You are trying to get out of your lease Under the amendments to the lease section says This lease will not be in effect until all pymts are made you have not made all the payments Is your lease valid?
What payments are you referring to? It sounds as if the clause refers to the preliminary payments that are often secured PRIOR to allowing the tenant to move in and the lease actually going into effect (i.e.: security deposit - pet deposit - utility deposits - etc). If you've been living there and the payments you are referring to are your rental payments - too late - the lease is already in full effect.
If you are married can your spouse be denied on your lease?
They can be denied unless they have a disability.
What does aggregate lease payments mean?
The sum of all payments including principle and interest.
What is the accounting treatment for lease to own agreements?
Lease to own agreements are treated as a combination of a lease and a purchase in accounting. The lessee records lease payments as expenses and the asset as a liability on the balance sheet. Over time, the lessee gradually assumes ownership of the asset as payments are made.
Can someone cosign a car lease for me?
Yes, someone can cosign a car lease for you. This means they are agreeing to be responsible for the lease payments if you are unable to pay.
