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Where can one find information on what a standard lease agreement means?
Wiki User
∙ 11y ago
One can find information on what a standard lease agreement means by checking with the contract they are signing. It will outline all the agreements in writing.
Wiki User
∙ 11y ago
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What kind of lease should I write up to protect myself as a landlord offering home rentals?
It's easier to find a standard lease on the internet, the term lawyers use is 'boilerplate' That means something standard which covers basic needs. It's quite easy to find lease agreements which will cover your needs and protect you without having to worry about all the details yourself. You simply google lease agreement or boilerplate lease agreement. Some websites offer these for sale, but you can also find free examples.
What is leasehold in balance sheet?
Leasehold means all premises acquired on lease agreement to be used in business for revenue generation.
What is a lease?
A lease is the legal agreement to rent something. It means you will have the useand control of the leased item for a specific period of time. At the end of that time,you have to return the item to the owner. Most leasing is for property, such as ahouse or business location and for vehicles.A Contract
What does rent for lease mean?
When a tenant signs a lease for a rental property it is for a finite term such as 6 months or a year. Under this lease agreement the tenant agrees to pay the property owner monthly rental payments as agreed to.
What does no right of storage mean in a lease agreement?
Possibly it means that they are renting the space for specifically for you to live in or operate a business. The lease would not allow you to warehouse products or items instead. You would also not be able to keep a "project" car or its parts in the parking lot.
What does as is mean on a lease agreement and does this release the landlord from fixing building code violations?
it means that you will take the rental property the way it is, this is NEVER a good idea, because should you need some repairs whether major or minor, you will not have a leg to stand on, also of your area has no property standards or laws pertaining to this, you could wind up living in a dump for as long as the lease says eg: a one or two year lease, so no do not sign off on this agreement.
What are the off balance sheet financing?
Off balance sheet financing means those agreement due to which asset is used by business but no affect on balance sheet like operating lease.
What does assent means?
agreement agreement
What are off lease laptops?
A general and brief definition of a common lease.Items (automobiles, equipment tools, houses, land, etc) that is leased means the owner (leasor) keeps title (ownership) to the Item(s) and grants the lessee the right to reasonablyuse it for its stated or obvious intended use (usually defined in the lease agreement) for a definite period of time as set forth in a lease-agreement. If the item(s), while being so reasonably used, becomes defective or broken for some reason not by the negligence or fault of lessee, the lessor usually replaces the equipment with similar equipment for the remaining lease period. At the end of the lease period, the lessee returns the equipment; or, it can often be purchased by the lessee for a agreed sum.If one has questions concerning the lease-agreement, an attorney should be consulted, as there can be other factors not included in the above definition that may be important and change the way the a particular lease is intended.
What is the difference between 'for rent' and 'for lease' rent and lease?
When you rent out a property, you will need to decide if you wish to offer your tenants a lease or a rental agreement. Although these terms are often used interchangeably, they are not the same.A lease for a rental property has a finite term, such as six months or a year, for whicha tenant will agree to rent the property. During this time period, also known as the duration of the lease, the tenant and the landlord are bound to uphold the terms of the written agreement.Having a lease means that neither party may change any terms of the agreement until the lease expires, unless both parties agree to the change. For example, if the current amount of rent is $500 per month, you may not increase this amount until the lease expires.Under a lease, tenants are obligated to make monthly rent payments as agreed upon, as well as follow any code of conduct or other stipulations in the lease while it's in effect. It also means that a tenant may not vacate the property without breaking their lease. In some cases, the tenant may be held liable for the remaining amount of rent due under the lease, or they may be required to find another person to fulfill their end of the lease.A lease is generally used for landlords who prefer the stability that comes with locking in a tenant for a specified period of time. If you have a mortgage payment to meet, having this set amount of income can help you budget your expenses. Most tenants are familiar with long-term leases, and will not have a problem committing.Rental agreements differ from leases in a number of ways. Standard rental agreements are month-to-month, and there is no set period of residence. Both the landlord and tenant are free at the end of each 30-day period to make changes to the rental agreement, subject to any rent control laws.These changes may include a rent increase, modification of terms of the rental agreement, or a request to vacate the property. However, in most states, both landlord and tenant are required to give 30 days' notice before any changes can be made. If your state does not require a notice, you are free to change any part of the rental agreement at your discretion.Rental agreements are useful for landlords who are having difficulty attracting new tenants, especially if they are in areas that cater to students or professionals on the move. They appreciate the freedom a month-to-month agreement provides, and landlords who offer these arrangements may have an edge over landlords who require long-term leases.A rental agreement is typically auto-renewed without notice after each 30-day period has elapsed, as long as neither party has stated that the tenant will vacate the premises.Before you rent out your property, you will need to take into account the differences between a lease and a rental agreement. This will allow you to make the best decision for your needs.Leasing is when you are renting but you have a contract to rent for a certain amount of time. If you leave before this time is over, you will still be charged with that rent.
WHAT IS Gain to lease in apartment?
It means if an apartment rent is $500 and they rent you the apartment for $550, the apartments have a $50 gain to lease. If they rent it for $450, they have a $50 loss to lease.
What is an accord condition?
In law - "accord" means agreement. Therefore, and "accord condition" means that the parties are in agreement with one another.
