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"Secured" is a term applied to when a person signs personally for a lease.
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∙ 12y ago
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What is the appropriate discount rate for valuing the lease?
the after-tax cost of secured borrowing.
What is the appropriate discount rate for valuing a financial lease?
the after-tax cost of secured borrowing.
Can i buyout my car lease while in a chapter 13?
In Chapter 13, you have the option to continue to pay for your car lease payment or you can opt out of your car lease payment. The trustee may not allow you to buyout a car lease if other outstanding secured debt needs to be paid.
You are trying to get out of your lease Under the amendments to the lease section says This lease will not be in effect until all pymts are made you have not made all the payments Is your lease valid?
What payments are you referring to? It sounds as if the clause refers to the preliminary payments that are often secured PRIOR to allowing the tenant to move in and the lease actually going into effect (i.e.: security deposit - pet deposit - utility deposits - etc). If you've been living there and the payments you are referring to are your rental payments - too late - the lease is already in full effect.
Collateral Assignment of Lease?
Collateral Assignment of Lease(Download)_________________________, referred to as DEBTOR, and ____________________________, referred to as SECURED PARTY, agree:DEBTOR is indebted to SECURED PARTY pursuant to a _________________________ dated _________________________ in the original principal amount of $______(_______________________________& _____/100 dollars); and DEBTOR is the lessor under a lease agreement with ___________________, referred to herein in tenant, for a term of ___________________ months, for the following described premises:____________________________________________________entered into on _________________________; THEREFORE,DEBTOR absolutely assigns to SECURED PARTY, all of DEBTORs right title and interest in said lease, including all rents, profits or other payments on account of said lease or the occupation of the property. In the event of a termination of the lease described, DEBTOR agrees that any further leases of the same premises, or other receipts from the exploitation of the property shall be assigned to the SECURED PARTY.DEBTOR herewith covenants:that DEBTOR is the sole owner of the lease and that DEBTOR has the right to assign this lease;that the DEBTOR has performed all covenants required to be performed by the lease;that the DEBTOR has not previously assigned the lease;that the LESSEE is not in default under the lease;that the present remaining balance under the lease is $______(____________________________&_____/100 dollars).DEBTOR agrees:that DEBTOR will continue to perform all obligations under the lease required to be performed by the DEBTOR;that the DEBTOR will make no further assignments of the lease without the prior consent of the CREDITOR;not to materially change the lease without the prior consent of the CREDITOR;not to agree to a release of the lessee; termination, buy out or other settlement of the lease without the prior written consent of the CREDITOR;to irrevocably appoint CREDITOR as its agent to enforce the lease and further authorizes CREDITOR to pursue such legal or other action as may be deemed by CREDITOR to be necessary to protect its interest herein. CREDITOR may, in its sole discretion, enter into a settlement of the lease obligation with the LESSEE and may release the LESSEE on behalf of DEBTOR. DEBTOR agrees that it shall honor such releases.In the event of a default by DEBTOR in payment or other terms of the ____________________________, CREDITOR may take possession of the premises, and manage the same. CREDITOR shall not be liable for any loss sustained by the DEBTOR due to the management of the premises should CREDITOR determine to do so, unless the loss is caused by bad faith, gross negligence or willful misconduct.Should the CREDITOR manage the premises, if the lease requires the DEBTOR to pay property or other taxes, CREDITOR shall withhold sums sufficient from the rental or other payments to amortize and pay the taxes.Any net profits after expenses incurred by CREDITOR in managing the premises shall be applied to the obligation secured hereby.This agreement provides an additional right, cumulative to all other rights, if any, possessed by the SECURED PARTY, and the SECURED PARTY shall retain all other such rights.Dated: ______________________________________________________________________________Creditor____________________________________________________________Secured PartyCollateral Assignment of LeaseReview ListThis review list is provided to inform you about this document in question and assist you in its preparation. This document is another that provides a creditor with additional collateral to either extend credit or forebear from foreclosing on a debt.1. Make multiple copies. Give one to each signatory. Keep one copy with the transaction file.
What is the meaning of phrase - new lease of life?
When you get a new lease, you are able to renegotiate your terms and conditions and get what you want!!1 so it's like getting a brand new startThe phrase is "to have a new lease on life," as if life could be secured that way. It means to experience a renewed enthusiasm, having escaped seemingly certain disaster or failure, or recovering from a debilitating illness or set-back. "When I got that debt paid off, I felt I had a new lease on life."
What are the 3 types of lease?
Leveraged Lease Financial Lease Operating Lease
What is a contract thet lets you rent someone else's possessions?
lease
Is A lease as good as agreement to lease?
A lease in itself, is an agreement to lease. All the same.
What if your husband files bankruptcy and you have a leased car?
If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the car
What is a secured loan?
what is a secured loan
What commercial lease is not commonly used Triple net lease Gross lease Net lease double gross lease double net lease?
Rent based on a percentage rent.
