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A lease agreement could be for the cases of private leasing including residential purposes. A commerical lease agreement is leasing for use of businesses.
When leasing a home you may expect to sign a leasing agreement which will allow the owners of the home recourse if you damage the property in any way. It ensures that you keep the place the way you found it.
Companies prefer a leasing agreement because they can keep the asset in the long run. A purchase agreement doesn't allow the business to continue making money.
AnswerNot if the leasing contract has been signed
Yes when a leasing company regains control of an asset it is still considered a Repossession repossession is much easier in a lease agreement than it is in a finance agreement due to the fact that the asset is owned by the leasing company, in a finance agreement you control ownership and the bank only holds security in the asset.
Yes, you can legally sell a car that you are currently leasing, but you will need to follow specific procedures outlined in your lease agreement and work with the leasing company to transfer ownership to the buyer.
There are many types of leasing, in several industries. Good place to start with the basics is Wikipedia.
You can get the best advice on leasing agreements from your lawyer. Before my husband and i leased the buuilding for our new building, we scheduled an appointment with our lawyer and now we have a successful business with a great leasing agreement
ACE MANAGER ! Let the best win !!!!
Normally you would have a rental agreement or lease which would specify your options for sub-leasing. If no such agreement exists, you are free to do as you wish.
The different kinds of leasing include operating lease, where the lessee uses the asset without transferring ownership rights, and finance lease, where the lessee assumes significant risks and rewards of ownership. Other types include sale and leaseback, sublease, and leveraged lease. Each type has specific terms and conditions based on the agreement between the lessor and lessee.
If you are leasing a car it is your responsibility to make payments. If the Leasing agent does not of record of the agreement it is still your responsibility to the bill, even if you keep the payments in a separate account. It is likely that the paperwork will resurface.