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If you give you leased car back before the lease is up do you have to pay anymore on it?
Wiki User
∙ 15y ago
YES, You are still obligated to complete your term of lease contract.Even if you are purchasing or leasing another vehicle and decide to trade or turn in your current lease YOU STILL OWE THEM!!!!! The leasing company is still entitled to remaning payments.. Best to look at your lease agreement...
Wiki User
∙ 15y ago
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What will happen to your father n laws car if the lease is in his name And past away?
If the lease is in his name and he passed away, then read the lease agreement. Frequently, when a person leases a car and dies, the car goes back to the company that leased it. If you want to do something else, you will need to get with the company that wrote the lease.
What legal responsibilities does a widow have to a leased cars of the deceased spouse?
If you didn't sign for the cars, give them back and show them a Death Certificate. This should break the lease. If a payment was due at the time of death you might have to pay it. If you signed for the cars, you have to pay for the lease.
What happens if you give up a car before lease is up turn into dealership after 13 months on a 3 year lease?
If you give the car back to the car dealership before your lease has expired, then the lease is over. You stop paying the monthly payments. This is very common in people who want a low monthly payment, thus they get a long car lease and then end up trading back in the car for a new car before the lease has expired.
You purchased a model home from Beazer Atlanta Georgia you leased the condo back to them for one year lease expired I did a walk through and noticed my wooden floors where damaged what can I do next?
Review your lease to determine the remedy you specified for damages, then pursue the lessee for repairs and restitution.
How do bullion banks get back the gold they have leased?
The bullion banks simply take back the gold that they have leased after the period runs out.
Does the landlord have to give back security deposit if tenant refuses to sign lease but moves in?
Normally a security deposit is paid before the lease is signed. Once your lease is mutually signed then you have the right to move in.
How can you buy out a leased car when the lease expired and car was repossessed?
When a vehicle gets repossessed it either goes back to the dealer who leased it, or, and more commonly, it is auctioned by the reclamation company. You would need to attend one of these auctions to be able to bid on one, and even then, a lot of times you have to be a licensed dealer to participate. Check on the local regulations and restrictions on the auto auctions in your area.
Is default on a lease a repossession?
Read your contract. It will tell you what default is. "Default" in leasing is when a Lessee fails to satisfy the conditions of the lease contract. Thus the lessee materially breaches the lease, and also usually when the lessee passes beyond the point of being able to remedy the breach as specified in the contract. Or, more simply, when the Lessee fails to live up to the lease contract and thus the lessor may take actions. "Repossession" is when a lessor acts to take back whatever property was leased. Terms for repossession are usually spelled out in the lease contract. Many lease contracts provide that when a breach occurs and the lessee is in default, the lessor may act to repossess the leased property. So the default may lead to repossession. But it is essential to study your contract and secure sound legal advice from a competent attorney in your jurisdiction to answer, "Can they take X away if I don't make my payments?"
Can you sign a lease before someone else lease is expired?
You can sign a lease before someone else is expired but the lease will have to specify that the start of the renting period is after the other persons lease expired. So if the prior lease says it ends the 1st then the new lease must be dated to start after that. This is not that unusual. Most landlords want to fill the unit as quickly as possible and it can take sometime to go through the process so the will often started as soon as they can. I've done this before. Generally speaking once I get my tenant screening results back, I want to get them locked in as soon as possible.
Can a residential lease be cancelled before it starts?
This depends on at what point the lease started. If both parties signed the lease, and the apartment or dwelling was turned over to the tenant by virtue of being given the keys, then the lease has started, whether or not you decide to move into the unit. At that point that the keys are handed to the tenant there is no turning back: the lease may not be canceled unless landlord agrees to cancel the lease.
if a apartment building was under forclosure or sold under forclosure what happens if their were appliances leased i that building Do they automatically go to bought the place or does the company that leased them get them back?
the company leasing them gets them back they own them same as renting things.
If the landlord breaks the lease can you sue for back rent?
Yes the landlord can be sued for breaking the lease.
