0
A lease that is terminated by the death of the tenant.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
What is the duration of Lease of Life?
The duration of Lease of Life is 1.57 hours.
A lease of an asset for its entire productive life?
Lease which is done for the entire productive life of an asset is called "Capital lease or finance lease".
What is the difference between a life estate and a life lease?
what is the difference between a life lease and a life estate
When was Lease of Life created?
Lease of Life was created on 1954-10-19.
Does a farm lease terminate with the death of the life estate holder?
Yes, if the life tenant was the individual who executed the lease.
What are the ratings and certificates for Lease of Life - 1954?
Lease of Life - 1954 is rated/received certificates of: UK:U USA:Approved
Is Depreciation of lease to own equipment calculated based on useful life or lease terms?
no
Can a co signer on a lease be removed after 6 months?
That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.That's up to the owner, landlord or management company. There is no universal rule stating such. Generally, the co-signer remains on the lease for the life of the lease unless otherwise stated in the lease agreement.
Can you lease out a life estate?
Yes, a life estate can be leased out. It is still subject to the life of the person it was granted to. So that reduces the value unless the remainderman also agrees to the lease.
What is considered a Capital Lease?
According to Investopedia, something requires a few things to be considered a capital lease. The first thing is that the life of the lease must be 75% or greater of the assets useful life. Another thing is that the lessee gains ownership of the object being leased at the end of the lease period.
Can you break an apartment lease when the tenant dies if there is a 1 or 2 yr lease and the tenant dies unexpectantly is the estate resposible for the balance of the lease?
Depending on the state laws. Ohio is NO. Unless written into the lease as a clause clearly indicating the loss of life factor, then the end of the life is the end of the lease. The use cannot continue once the original lease holder dies. This is not necessarily true for property leased for a business. The business assets may be required for lease fulfillment then but NOT for lease of residential.
What is the Difference between sales type lease and capital lease?
Capital lease is that lease in which assets are acquired for substantial useful life of asset for use in business. Sale type lease is that in which discounted cash flow for miminum lease payment is higher than value of leased asset and only relevant to lessor.
