If you signed a lease agreement.He can hold you responsible for the remainder of the lease.Unless you cancel the lease before you transfer.
The word leasehold has two syllables. The syllables in the word are lease-hold.
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Probably not. But, if this was an attempt by the signer to create a loophole for getting out of the lease later, a judge might hold the person to it.
It would be at the discretion of the landlord. You would want to discuss putting the lease in your name with an understanding about the prepaid rent.Added: If the landlord does not agree (after all you are not lawfully occupying the premises) you will have to leave but with the understanding that the 3 months advance rent must be returned. Unfortunately the rent is only required to be returned to the estate of the person named on the lease so unless you are the only one inheriting the estate of the deceased you will NOT get that prepaid lease money.
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If It States In The Lease That He Can. If It Isn`t Written That He Can, Take Him To Court,
No lease does not mean no rules. If a tenant causes excessive damages you can still sue them.
No. A minor cannot be party to a contract.
Debit Cash for the cash received, and credit a liability account you can call Prepaid Rent or Prepaid Deposits. Basically, you credit a liability account because you "owe" them the rent for the month they have paid for in advance. Once the month has passed, you can debit the Prepaid Rent and credit Rental Income. Or, if the prepaid rent is a deposit made, you just keep it on your books as a liability until the end of their lease, at which time they will either be refunded the deposit (debit Prepaid Rent, credit Cash) or if they don't pay their last month's rent you can use the deposit (debit Prepaid Rent, credit Rental Income).
If the terms of the lease include the requirement that you must provide insurance on the vehicle, and I've never seen a lease agreement that doesn't, yes, they can hold you in violation of the lease and repossess the vehicle.
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