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Er, then you can pay for it? ;) Seriously, though, since this was asked in category Repossession, I'm assuming that a notice of repossession has been sent out and/or the property has already been repossessed pusuant to a default or breach on a lease agreement. If whatever was leased was repossessed according to the terms of the lease or as the law allows, the Lessor would be under no obligation to re-lease or return the property just because you now have the money to satisfy the obligation. A breach for default effectively ends your lease. That said, your lessor may be willing to entertain continuing your lease or initiating a new lease. But that would be utterly at the lessor's discretion. If you have only received notice of repossession, your lease terms may still be active. A call to your lessor would clear up their position quickly. Either way, read your lease and pay close attention to what it says about default or breach of your lease, and especially if there are any time limits between breaching your lease and applying a remedy. It could turn out that your lease says something like you have 30 days following the breach to repair it before any action can be taken towards repossession.
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What if your husband files bankruptcy and you have a leased car?
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What happens if I void a rental agreement?
You will have to pay the remainder of your lease. Or even have to pay until the landlord finds someone else to rent to.
What happens when you total a lease car?
When a lease car is totaled, the car company will require the car lessee to pay the lease balance to get out of the contract. This is applicable for a wrecked car and non-reparable vehicle.
What happens when you can no longer no way pay your FL car lease?
Turn it in. It will go on your credit report as a defult.
Is their any penalty for a repo lease?
I would imagine there is. Lease is somewhat like a loan and I am sure there is a clause in there for repo, you are still the signer and anything that happens will fall on you to pay.
If you co-sign a lease are you responsible for all roommates' rent even if they have their own co-signers for their leases?
When you sign a lease with multiple tenants on the lease, you are all equally responsible for any aspect of your rent. Therefore if your roommate does not pay his portion of the rent, and you are responsible for the portion he doesn't pay. If this happens then you can be able to evict your roommate or have the landlord do so. Some landlords allow you to be the main tenant on the lease and in essence be the landlord for your roommates. This is called subletting. Most apartment complexes do not allow this. But for the landlords that do allow it, it allows you to control your situation better: your roommates can pay you and then you give one check to your landlord. If your roommate doesn't pay you, you can evict him. A lease is an agreement between all of you who are in the lease and your landlord. Therefore you are all equally responsible for what happens.
Is a cosigner of an auto lease obligated to pay the lease?
Yes. That's the idea.
How do you braek a lease with an auto finance company?
From my understanding the only way to break a lease is to pay it off or stop paying. The latter suggestion obviously has detrimental effects on your credit. The best way to "break" a lease is to pay whatever payments are left on the lease. Financially this might be a real good idea. If you are still under the mileage for the lease and it is cheaper to pay the remainder of your lease payments, rather than pay the mileage penalty.
What happens if a car lease is up and car is in police impound for evidence?
This is going to be expensive! If the car is crashed or stolen and an insurance company is going to deal with this then they will have to pay the costs. If the lease is up and the car can not be returned to the leasing company the lessor will need to pay for either the extra time or the whole car.
What happens to cell phone tower lease when land is sold?
It depends on the terms of the lease. The lease may terminate or the lease may "run with the land."
What is a finance lease?
Essentially, a finance lease is a type of lease. It is a contract where the lessee agrees to pay installments on a particular asset.
Can you get out of a lease in Florida if you become unemployed?
No, you are still obligated to pay your rent for the term of the lease
