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it is lease paid on capital invested
Is called a lease.
Leveraged Lease Financial Lease Operating Lease
The most common example would be a lease of equipment. Since the equipment is treated like a rental, the asset and the corresponding liability are not shown on the balance sheet. Lease payments are expensed as paid and the lease obligation would be disclosed in a note to the financial statement.
1 - Operating Lease 2- Financial Lease
In theory, an auto lease is the same as renting an apartment or anything else for that matter. If you stop paying the lease payments and return the car, you may have to pay a penalty, but you have not defaulted on a "loan." However, banks and other financial institutions may not see it that way when considering a loan applicant. They may consider the lease obligation as a "debt" and the payments as a monthly obligation. It will depend on the particular institution.
1 - Operating Lease 2- Financial Lease
The landlord has an obligation to try to rent it. If she cannot, she can sue you for each month, through the end of the lease.
If you signed, the lease is binding. You don't have to move in, but you do have to pay the rent. The landlord has an obligation to try to rent the place, but until he does, you have to pay.
Your daughter would have no legal obligation to pay the lease, unless her name is on the lease and she was over eighteen when she signed it. Otherwise the lease you signed is not enforceable against your daughter.
No. But, you will still be responsible for your share of the previous lease unless the landlord/rental agency (not the the other leasees) agree to release you from your obligation.
lease