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What is the effect if you want to preterminate the contract of lease?
Wiki User
∙ 11y ago
you will loose your deposit
Wiki User
∙ 11y ago
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Contract to lease land indicated that part of the land might be sold Is the lease still valid if the person who purchased the land doesn't want to lease it?
Only the lease contract would disclose the anwer to this question. If you need legal assistance in deciphering or understanding it, you must retain an attorney to assist you.
What does the term liquidated damage mean in a lease purchase contract?
The leasing company incurs heavy costs at the start of a lease, and expects to have you continue to lease the equipment for a specified length of time.If you want out early, the "liquidated damages" are the amount you need to pay to be let out of the contract. The leasing company doesn't have to prove their actual damages; by signing the lease, the two parties have agreed that a specified amount is necessary and sufficient.A lease purchase contract is simply a lease that has a balloon payment at the end of the lease which purchases the equipment.
What are the steps I need to take to set up a lease contract for a small business?
Your best bets is to find an attorney that can help you with the legalities of a lease. You want to make sure that it is binding or it is no good to you.
Can you get a home loan and rent the home to your child?
Of course! You'd want to write up a legal contract/lease first.
Landlord says house in foreclosure I want to break lease and move Can I?
The foreclosure sale will function to terminate the lease. However, until the foreclosure sale takes place, the owner is still the owner, and the lease remains in effect.
Do you need a ca real estate license to do a lease option contract?
No, it you are representing yourself, if you want to represent a buyer, then yes you need a license
Should you call the lease creditor that you want them to reposes my lease auto?
Yes, give them a call and work it out. If at all possible avoid a repossession. It will negatively effect your credit for 7 years.
How many days should a landlord give you after you sign a contract to decide if you don't want to rent the house?
None. Once the lease is signed, it is binding.
What do you mean by lease?
A lease is similar to rent, except it is a contract for a specific length of time. For instance, if you have a one-year lease on an apartment, it means you are agreeing to pay rent each month for a year. If you want to move out before the year is up, you may be required to pay for the rest of the year.
How do you cancel a lease due to illness?
The reasons and process for canceling a lease, albeit any contract, would be spelled out in the contract. Absent any mention, it isn't a reason...and you'll likely find that there is a clause mentioning only certain things, like acts of God, natural disasters, etc. A contract/lease can always be ended by mutual agreement. That's your best route. But that doesn't mean the other party won't want (and deserve) some type of compensation for doing so.
How much time after signing an apartment leases do you have if you want to cancel?
The duration that it can take you to back out after signing a lease depends with the lease that you signed. However, if you discover any fraud you can always talk to your lawyer to have it reversed as soon as possible.
Do you need a contract when hiring a real estate agent to find a house for lease?
Depends on what state you are located, but they would typically want you to authorize a "Agency Lessee Agreement"
