jes the graceis period after singing a lease in the state of AZ
The lessee can return the equipment at the end of the lease period if it is no longer needed
No. Generally there is either a lease or a tenancy at will, which is a month-to-month tenancy. If you have a lease for a period of time and that period is up, the rental agreement automatically converts to a month-to-month agreement, unless you have an agreement on a new lease period.
An ACMI lease is another term for a wet lease, the leasing of an aviation crew for a short period of time.
Lease which is done for the entire productive life of an asset is called "Capital lease or finance lease".
A Lease
8 Days
A lease is kind of like a rental for a long period of time. You make a down-payment for the car that you would like (in this case, the Toyota Matrix) and then make monthly payments for a period of time (1,3, 5 years) and then return the car to the dealership after that period of time or buy out the lease.
Is called a lease.
An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.
A tenant if that right is granted in the lease to the tenant or is a tenant's right because of a law. Normally a landlord can't renew a lease except for specific reasons -- one is called a "holdover". That's where the tenant should have moved out because the lease is over, but doesn't. In that case the lease may grant the landlord the right to consider the lease "renewed" for a period of time. As to a law, there are some places where if you have an oral lease for a year and you as the landlord fail to notify the tenant within a certain time period before the end of the lease that the landlord won't renew, it may be too late and the tenant can "automatically" renew if it wants. There are also leases called "proprietary" leases, which are leases between a building cooperative corporation and the people who own shares in the building corporation and have the exclusive right to a cooperative apartment in the building; it is something that "renews" constantly unless the shareholder breaks the lease or sells the shares.
The lease can be canceled anytime after 50% of the lease term, if the financial obligations have been met up to that point. If the lease is terminated prior to the end of the contract period, the lessor can't charge for excise mileage.