0
What else can I help you with?
How The Lease Rates Are Determined?
The lease rates will depend on your credit history, the equipment cost and the term structure you want. Similarly, rates are fixed and also can be paid off at any time.
What are the risks of cosigning a lease?
The risk of cosigning on a lease is that the cosigner is responsible for the rent for the leased property even if the other signers do not pay the rent. The landlord can go after one or all of the cosigners on a lease to get rent paid if the lease is not paid for the full term.
What is the difference between finance lease and installment paying?
When you enter into a retail installment sales contract for the purchase of a vehicle, your down payment and your monthly payments go toward the total purchase price of your vehicle. When you have paid off the financing, you own your car. When you lease a vehicle, you make payments to use the vehicle over the term of your lease. However, you don't own your car. At the end of your lease, you return it to the lessor.
Can I Cancel The Lease?
The commercial equipment lease is non-cancelable. However, you might request early repayment from the lease or upgrade to some more sophisticated equipment.
What is a co-signer when renting an apartment?
A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.A co-signer is a person who agrees to guarantee the rent will be paid for the duration of the lease and also for any damagescaused by the primary lessee. If the primary fails to abide by the terms of the lease, by non-payment or moving out prior to the end of the lease, the co-signer will be responsible for paying.
How do you account for lease commissions paid for a tenant lease?
Lease commissions paid for a tenant lease are typically considered a cost of obtaining the lease and are capitalized as part of the leasehold asset on the balance sheet. They are then amortized over the lease term as an expense in the income statement. This approach aligns with the matching principle, ensuring that the expense is recognized in the same period as the revenue generated from the lease. If the lease is terminated early, any unamortized commission costs may need to be written off.
What is lease obligation?
it is lease paid on capital invested
Can you pay off a car lease early?
yES, but you wont save much, if anything.
Can a landlord break a rental lease because you paid your rent late?
If you paid your rent late, he didn't break the lease - you did. He can now move to terminate the lease.
How The Lease Rates Are Determined?
The lease rates will depend on your credit history, the equipment cost and the term structure you want. Similarly, rates are fixed and also can be paid off at any time.
What are the consequences of beginning to make double auto lease payments monthly when you are halfway through a 3-year contract in order to pay the contract off early?
No consequences. You can pay double payments if you like. It will pay your account into the future. You can think of it like renting an apartment. If you pay double payments you will pay your obligation off early. Once you have paid the last payment of your contract you can then terminate the lease or keep driving it till the termination date on your contract it is up to you. Hope this helps.
What are the risks of cosigning a lease?
The risk of cosigning on a lease is that the cosigner is responsible for the rent for the leased property even if the other signers do not pay the rent. The landlord can go after one or all of the cosigners on a lease to get rent paid if the lease is not paid for the full term.
Can a coporation deduct a lease payment?
Yes, corporations can deduct lease payments. Property lease payments and vehicle lease payments are deductible in the year paid or accrued.
Can you be sued for back rent if there was never a lease you lived there less than a month and never paid anything and you had to move out since they neglected to pay utilities and they were shut off?
if you have proof they never paid the bills. and you neversigned a lease. you might be off the hook. but a judge may see it different saying that you were living there so you are liable to pay rent. its a toss up
If you turn in your lease early will it effect your credit?
As long as you pay any early termination fees tied to your lease, and pay off your remaining payments, it will not affect your credit. However, like with any contract that involves money, if you 'run away' from the lease, it can be turned over to collection agencies, which could then harm your credit. Hope that helps!
What is off-balance sheet financing?
The most common example would be a lease of equipment. Since the equipment is treated like a rental, the asset and the corresponding liability are not shown on the balance sheet. Lease payments are expensed as paid and the lease obligation would be disclosed in a note to the financial statement.
Does the State of VA allow people on probation to get off early given they have paid off all there fines?
It IS possible. File a motion with the court requesting "early termination."
