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What is a 6 month break clause?
A 6-month break clause is a provision in a lease or rental agreement that allows either the landlord or tenant to terminate the contract after a specified period of six months, typically with prior notice. This clause provides flexibility for both parties, enabling them to end the lease early without facing penalties, as long as they adhere to the notice requirements outlined in the agreement. It is often used in residential and commercial leases to accommodate changing circumstances.
What are the two types of leases?
The two types of leases are operating leases and capital leases. Operating leases are typically short-term and allow a company to rent assets without transferring ownership, while capital leases are long-term and often involve transferring ownership of the asset to the lessee at the end of the lease term.
In what cases are private individuals held liable for company car leases?
Private individuals are not responsible for company car leases. Company car leases are taken out by the company as a business. If for any reason a company defaults and doesn't make payments, it is generally repossessed from the company.
What words can be made with the letters in leases?
leases
Who has to be on the lease?
The Landlord or their representative such as a management company, and the Tenant. Although witnesses or a notary is highly recommended especially with commercial leases.
What is a month to month lease?
Well, technically, it's impossible. A tenancy is either a month-to-month tenanccy at will, or a lease for a term. With a tenancy-at-will, either party can cancel with a full month notice. With a lease, the contract runs for a set period, usually a year. Some leases renew themselves automatically if notice to terminate is not given. Others just terminate naturally.
How long before they reposes leased vehicle?
You would have to read your lease. Every company is different and I imagine each company probably has different leases for differently qualified customers.
What is the plural noun of hoist?
The plural form for the noun hoist is hoists.Example: The company that leases us equipment also rents hoists.
Is it possible to sign leases electronically?
Yes, it is possible to sign leases electronically.
What are oil leases?
Oil leases are legal agreements that grant a company or individual the right to explore, extract, and produce oil and gas from a specified piece of land. These leases usually involve a financial arrangement where the lessee pays royalties or rental fees to the landowner or government. The terms often specify the duration of the lease, the responsibilities of the lessee, and environmental regulations that must be followed. Oil leases are crucial for the oil and gas industry, as they facilitate access to resources necessary for energy production.
What is interest payable?
Interest payable is the interest the company pays on any loans, leases, hire purchases, debentures, etc. throughout the year.
How can I find a rental company that leases wheelchair vans in Europe?
Try the website www.accessible-van-rental.eu. Ramps and hydraulic lifts are available.
