0
Who owns the natural gas produced from a federal lease assuming the lease is valid?
Wiki User
∙ 17y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
You want to purchase a home and have 6 months left on your lease will you be liable?
Depends upon the Language of the Lease. You have a lease, I'm assuming. You can figure, generally speaking that you will be Liable.. Sorry
Can the landlord change terms of the original lease after the lease becomes a month to month?
Yes, assuming the tenant is given proper notice, which on a month to month lease is typically 30 days.
What can landlord do if the tenant has not signed a new lease but still in apartment?
The natural demise of the lease is grounds for eviction. The process varies by state.
If you assume a lease on a building and the prior lease holder was behind and they file bankruptcy are you liable for the back rent?
When assuming a lease you will need to be very careful that you are not agreeing to take on a prior lease holder's debt. Read the contract carefully and do not sign unless you are sure you will not be held liable. A new contract can be negotiated.
What can happen if you stop paying your lease payment?
Assuming it is about a car, they will take it away, you will lose your deposit and your credit will be ruined.
Does anyone know of software that can handle Lease Here Pay Here that will keep me compliant with Federal Regulations?
I use MSP from Constellation Automotive Software. It does Lease Here Pay Here and is fully compliant.
Why did it take so long for the EV1 to lease?
When leasing a vehicle it will have a residual value at the end of the lease. In the case of the EV1 it was such a horrific car it's residual value at lease end would be non existent. This car is one of the top 50 worst cars ever produced.
Buyer's remorse lease laws Does Mississippi have one?
Mississippi does not have a buyer's remorse lease law. Federal law offers some protection for a reasonable time to change you mind or see if the car is going to function properly.
If lease is discounted for one time payment can that income be amortized for tax purposes over life of lease?
This will depend on your accounting method that you use. If you are a cash basis business, then it is recognized when lease payments are received. If accrual, you could justify amortizing the payment but I cannot imagine why you would want to. I am assuming you are lessor in your question and not the lessee. If you are the one leasing the property, you cannot take a deduction for a lease payment you did not make.
Is a tenancy buyout payment taxable income?
IRC Section 1241 specifies that payments received by the lessee for the cancellation of a lease are to be treated as a payment in exchange for the sale of the lease. Assuming you were using the property (as opposed to holding it in inventory, for example you were a real estate broker), the lease would be a capital asset. So the payment would be a capital gain (long or short term depending on how long you held the lease).
How do you lease a car in Toronto?
You can usually pick the manufacture, apply with a credit application, assuming your credit score is higher than 650 you should be able to lease a car A.S.A.P. If you have lower credit scores you can try http://www.autocreditfinancial.ca good luck
If you rent an apartment the lease is for 6 months and the apartments get fore closured at about 4 months into the lease can you sue?
Probably not. And, why would you want to? Federal law requires the bank to give you a 90 day notice, and you have no obligation to pay the bank rent.
