answersLogoWhite

0


Best Answer

installment credit

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What type of credit is used to lease a building?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

What credit card starts with 8?

The type of credit card that starts with the number 8 is a telecommunications credit card. This type of card would only be used with a specific company, unlike major credit cards that can be used at any retailer.


Does breaking a rental lease agreement affect your credit rating?

Not in and of itself. Lease agreements are not typically reported on your credit report and are not normally part of your "rating". However, there are other credit bureaus used by apartment complexes. These agencies, called tenant screening bureaus, have different information than your credit report. They focus on rental payment history, evictions, lease agreements and utilities. It is possible that breaking your lease would be reported on one of these lesser known bureaus. This might impact your ability to rent in the future. Another possibility is that the lease holder can always sue you for the balance due on the contract. If a judgment were granted against you, all the provisions allowed under your state's laws would come into play. These include garnishment of wages, freezing of bank accounts, and reporting the judgment on the public records portion of your standard credit report. That would most certainly affect your credit.


If you filed bankruptcy 4 years ago and your new husband has stellar credit history does your credit have to be checked when applying for a lease?

If it is going to be a joint obligation, then they will check your credit status. If both incomes are not needed to qualify for the transaction, the husband could apply in his name only. Therefore only his credit rating would be used.


What is percentage lease?

It is one type of lease where the tenant pays a base rent plus a percentage of any revenue earned while doing business on the rental premises.It is the term used in commercial real estate.


What type of plastic money is used?

figuratively, debit and credit cards are plastic money.

Related questions

How do you get a car lease with bad credit?

If is difficult for you to get a lease with bad credit, due to the fact new car dealers require a much higher credit score, usually 650 and higher to qualify for a lease. But you can always finance a used car relatively easier.


What does office space for lease mean?

Having an office space for lease means that you have a building open to rent out to people looking to start a business. These areas can not be used as a residential home. Office space for lease means renting a commercial space in a local office building in town. This building will be use as office space for business.


Can you lease a used car?

do dealers lease used cars


What type of rock used in building?

the rock used is your mom


What are credit references?

Banks and suppliers used in the lessee’s business and listed on the lease application. Lessor will contact them to check lessee payment habits.


What credit card starts with 8?

The type of credit card that starts with the number 8 is a telecommunications credit card. This type of card would only be used with a specific company, unlike major credit cards that can be used at any retailer.


Is a credit card a type of money in the economy?

Credit is a type of money in the economy. It is a form of temporary currency that is used to buy goods and services.


How does a building icon look?

How a building icon looks will depend on what type of building it is. A building icon is a miniature version of the building used in prototypes and initial planning.


Does breaking a rental lease agreement affect your credit rating?

Not in and of itself. Lease agreements are not typically reported on your credit report and are not normally part of your "rating". However, there are other credit bureaus used by apartment complexes. These agencies, called tenant screening bureaus, have different information than your credit report. They focus on rental payment history, evictions, lease agreements and utilities. It is possible that breaking your lease would be reported on one of these lesser known bureaus. This might impact your ability to rent in the future. Another possibility is that the lease holder can always sue you for the balance due on the contract. If a judgment were granted against you, all the provisions allowed under your state's laws would come into play. These include garnishment of wages, freezing of bank accounts, and reporting the judgment on the public records portion of your standard credit report. That would most certainly affect your credit.


Who will put restriction on building in a lease whether Landlord or Tenant?

The landlord has control over what type of use a tenant can have in the building before signing the lease. The landlord/owner has to maximize revenue and limit risks as much as possible. For example if the building is mostly boutique shops and restaurant's you would not want an auto-body shop in the building. This would not be a good tenant mix. It would be too noisy, the odors will be in the building, there is an issue of hazardous waste from used oil and the list goes on. Not to mention that the consumers will not like coming to a place in this environment, and a host of EPA issues regarding the hazardous waste. I know this is an extreme example but good tenant mix in a building is essential for the landlord/owner to make money and for the tenant to succeed in his/her business. Its is somewhat like a partnership. So the landlord will restrict what type of use or business the tenant is allowed to have in the landlord/owners building.


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.


Do you need a social security number to lease a used car?

Not directly, but they will need some method to check your credit, and that is most often tied to a social security number.