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Can be broken, renegotiated or affirrmed, all with Court approval.
Wiki User
∙ 15y ago
Wiki User
∙ 13y agoChapter 11 permits the debtor to accept or reject executory contracts (contracts whose completion is to be accomplished in the future).
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When real estate under an estate for years is sold what happens to the lease?
lease is subject to termination with proper notice
What happens in chapter 6 of family under the bridge?
the main idea of that chapter
What happens if you default on a vehicle lease agreement?
What typically happens is that the party financing the lease will repossess the vehicle. The vehicle will typically be sold and the party financing the lease will attempt to collect the balance remaining under the lease either through a collection agency or through formal legal action.
How long after a chapter 7 bankruptcy can someone get a car lease?
You can get a car lease immediately after filing for Chapter 7 bankruptcy. Since it would be a post-petition debt, there is no waiting period provided that you qualify income wise. Some lenders may require you to have a discharge, however, it is not required under the law to lease post-filing.
Can you sale land after conversion from Agriculture to commercial by Urban Improvement trust and given on 99 years lease?
Yes u definitely can sell land after conversion from Agriculture to commercial by Urban Improvement Trust and given on 99 years lease...only the registry will have to be done again in the registrar's office..and the registry fees has to be paid...and the lease will be transferred to the buyer under his(buyer's) name.
Can you Sell a house under a lease?
The owner can sell a house under a lease, but the buyer must either honor the terms of the lease or make an offer to get the tenant to break the lease.
How do you book a fixed asset that is a lease?
[Debit] Asset Under finance lease xxxx [Credit] Liability Under finance lease xxxx
What happens after your 1 year lease is up in California are you on a month to month or can your landlord ask for another signed lease?
It can go either way, depending on what the landlord wants. If they want you to sign another lease, they can require you to do so if you wish to continue living there. In absence of another lease, you are considered to be on "month to month" under the same terms as the original lease.
how to record capital lease entry?
Journal entry to record capital lease in books of accounts: [Debit] Asset under finance lease xxxx [Credit] Liability under finance lease xxxx And after that asset will be adjusted against depreciation while liability will be adjusted against lease payment till the end of term.
How do you get out of a lease when it is in your uncles name?
If your name is not on the lease, you are not under contract with the landlord so you don't have to "get out" of anything. YAY!
Can lease be broken when you have a change in income?
It depends on the text of the lease, but probably not. You're probably stuck with the same lease buy out provisions as you would under any other circumstances. Read your lease.
Finding a Space for Lease for Your Business?
When starting your own business, unless you are working out of your home, you will need to find a place to conduct your business, or set up shop. You will need to find a space for lease because it will be more cost effective than trying to buy a business space, and getting a space for lease is also less of a risk than buying a business space. If you business happens to go under, you can get out of your space at the end of a lease, or you can get out of your lease early by breaking the lease and paying the fee that is written up in the contract.
