0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is difference between free hold premises lease hold premises?
Lease hold premises is one taken on rental basis form other person based upon an agreement and for a period of time - say 5 years. It is not he asset of user (Lessee). Only a right to use the asset passes to the lessee and ownership stays with the original owner (Lessor). Free hold premises is free of any leasing agreement or contract. The owner and user is the same person, and the right to use and ownership lies with one person only i.e. the owner. Presentation of both the above in financial statements is different. Only owner can claim depreciation on the leased premises (being the owner) and lessee can claim the lease rent paid by him for income tax purpose.
What are the services rendered by leasing company?
Financial Products and Services Equipment Financing Receivables Financing Inventory Financing Finance Lease Operating Lease Money Market
How do you braek a lease with an auto finance company?
From my understanding the only way to break a lease is to pay it off or stop paying. The latter suggestion obviously has detrimental effects on your credit. The best way to "break" a lease is to pay whatever payments are left on the lease. Financially this might be a real good idea. If you are still under the mileage for the lease and it is cheaper to pay the remainder of your lease payments, rather than pay the mileage penalty.
What is financial leasing?
A finance lease is a type of commercial finance arrangement in which a company can pay a set fee during a set period for an asset that is owned by the lessee. At the end of lease period the company can choose to purchase the asset for a reduced price or return it to the lessee.
How is the credit worthiness determined and measured in a company?
I would like to know how to evaluate the credit worthiness of a company. I am a commercial and investment real estate broker. Many companie are now wanting to sell a property and offering a long term lease in return. I need to be able to evaluate the company to ascertain if they can honor that long term lease commitment.
What are the demised premises in a shopping center lease?
"Demised" means transferred by lease or otherwise for a limited time "premises" means a tract of land including its buildings or a building together with its grounds or other appurtenances.
What is the legal position when a lease for premises is unsigned?
When a lease for a premises is unsigned, the person leasing the property is not under any legal obligation. This means that the person who owns the premises will have to have the person evicted if he or she refuses to move or sign a lease.
What is mean by leasehold premises?
A leasehold premises is a property that is held by a lease. The occupants can remain on the property and in possession until the lease has expired.
What happens when a leasehold mortgage is foreclosed?
The mortgagor's interest in the lease will be sold at a public foreclosure sale to the highest bidder. The winning bidder will then have the right to occupy the subject premises under the mortgagor's lease, for the remainder of the lease term. The ownership of the premises will not change. The foreclosure sale proceeds will be paid to the Sheriff, who will deduct his fees, with the balance of the sale price paid to the foreclosing mortgagee.
Can a minor disaffirm the lease of a apartment even if the apartment is not necseeary?
A minor cannot sign a binding contract for lease of a premises.
What happens when a landlord asks a tenant to vacate?
If there is no lease involved, and there are no violations of the terms of the lease or agreement, the landlord has to give at least 30 days of notice before the next rent is due, for the tenant to vacate the premises. If there is a lease involved and there are no violations of the terms of the lease, the landlord must wait until the end of the lease term in order to ask tenant to vacate the premises. If the tenant does not vacate the premises after proper notice is given that the landlord must initiate eviction proceedings to force the tenant out
What is to vacate?
Vacate means to leave. An example of vacate would be that when a lease on an apartment is up, you can either choose to renew your lease or vacate the premises.
What is the meaning to say demised premises in lease agreement?
the part that you rent
What does it mean to buy out a lease?
Generally it means to pay the remainder of the monthly rent through the end of the lease for some reason, often so the tenant can vacate the premises before the lease has ended.
What does Huur gaat voor koop mean?
A term which means ‘lease goes before sale’. Where leased premises are sold before the lease has expired, the tenant may in terms of the “huur gaat voor koop” rule occupy the premises until the lease expires. In the case of a long lease (i.e. a lease for a period of 10 years or longer), this applies only if the lease is in writing and registered against the title deed of the leased premises, or if the purchaser at the time of conclusion of the sale knew that the lease was a long lease.
What is the effect of cancellation of a registered lease by an unregistered cancellation deed?
the registered lease deed will automatically expired on completion of term of lease and no need to register cancellation of lease deed. and how ever a notice from lessor is to issued on completion of term of lease for handed over of premises.
Does a cosigner have the right to enter a property without consent?
If they co-signed a lease they should check the property regularly and also make certain the rent is being paid on time. A co-signer on a lease is responsible for paying the rent if the primary lessee doesn't and is also responsible for paying any damages that go beyond the security deposit.
