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How do you calculate the money factor in a lease agreement?
To calculate the money factor in a lease agreement, you divide the annual interest rate by 2400. This will give you the money factor, which is used to determine the finance charge on the lease.
How do you calculate the money factor on a car lease?
To calculate the money factor on a car lease, you divide the annual interest rate by 2400. This will give you the money factor, which is used to determine the finance charge on the lease.
How can I determine the money factor on a lease agreement?
To determine the money factor on a lease agreement, you can ask the leasing company for the interest rate they are using and then convert it to a money factor by dividing it by 2400. The money factor represents the cost of financing the lease.
How to calculate the money factor on a lease?
To calculate the money factor on a lease, you can convert the annual percentage rate (APR) to a decimal and divide it by 2400. This will give you the money factor, which is used to determine the finance charge on a lease.
How can one determine the money factor on a lease agreement?
To determine the money factor on a lease agreement, you can ask the leasing company or dealer for the specific rate they are using. The money factor is a decimal number that represents the interest rate on the lease. The lower the money factor, the better the deal for the lessee.
If you are not on a lease are you a tenant?
Possibly. If someone pays money in exchange for a place to live, that person is a tenant.
How long do you have to recover rent money after a tenant breaks a residential lease and moves out?
3 years
Can a landlord be sued for locking out a tenant that is not on a lease?
Yes. But, you used the word 'tenant'. If some kind of tenancy has been established, then the landlord cannot lock the tenant out. Signing a lease is not the only way to establish a tenancy. Simply accepting rent money makes the payer a tenant, if it is clearly in exchange for use of the premises. So, if he is a tenant, no. If he is merely an 'occupant', or guest of the tenant, probably.
What to Look for on a Rental Lease Agreement?
When you rent an apartment, you are asked to sign a lease that puts in writing your rights and responsibilities as a tenant. What are some items that should be included in the standard lease agreement?How Much Is the Security Deposit and Other Fees?The lease should put in writing how much you are giving your landlord as a security deposit and where the money will be held during the length of the lease. It should also spell out how the money will be used if some or all of the deposit needs to be withheld at the end of the lease. Your lease should also put in writing how much the landlord will charge per month for pets and what is included in the rent.What Happens if Rent Is Not Paid on Time?The lease should also state when the rent is due and what happens if the rent is not paid on time. It should also state when and how a tenant can be evicted due to nonpayment of rent. Typically, state law will determine to a large extent when and how a tenant can be evicted and what process a landlord must take against you in court.When Can a Tenant Legally Break a Lease?While it is not easy to break a rental agreement, tenants do have certain rights to end the lease if the landlord does not maintain a safe and quiet living environment. As this can be a vague requirement for landlords to meet, it is important to put in writing specific instances when the lease may be broken with no repercussions.A lease agreement between a tenant and a landlord specifies what the landlord expects from the tenant while leasing an apartment. Typically, the tenant/landlord relationship is a good one with few problems for either side. However, having a signed agreement allows both sides to protect themselves if there is a disagreement that needs to be settled in court.
Is a landlord required to honor all the terms of a lease?
Like any other business contract, ALL of the parties are expected to fulfill their obligations and duties under a lease, unless it would be more economical to break the lease and risk losing money. However, the usual contract defenses could also apply (e.g., impossibility, illegality, fraud, unconscionability, minority, etc). In some jurisdictions there are severe penalties for landlords who violate terms of a lease, including having to pay triple the amount of money owed to the tenant, plus paying the tenant's attorney fees.
If i have evivted the tenant that has paid rent for the month can i keep the rent money?
In NYS - No you can not do so legally. If there had been a lease and the tenant had left prematurely of his own will then you would be entitled to the money owed for the entire remainder of the lease assuming that you were unable to lease the apartment out for that remaining time-frame. However, in such instant, a judge has the discretion to reduce your entitlement. That is, if a tenant left the apartment of his own will eight months prior to the expiration of the lease and you then failed to rent out the apt for that remaining eight month period a judge can say to you "there is plenty of demand for apartments in this district and if you had done your due diligence you could have easily found another tenant within three months of the tenant's departure. Therefore, I am ordering the tenant to give you three months rent beyond his departure date regardless of the fact that there were eight months left on the tenant's lease". The judge isn't restricted to following the terms of the lease. The judge has the discretion to interpret the intent of the law which applies to leases/contracts.
Is it illegal to spend tenants security deposit for unpaid rent if tenants left early?
No, normally you can spend the money. If a tenant terminates a lease early the landlord can keep the security deposit and sue the tenant for loss if the unit is not re-rented by the time the lease would have expired.
Can a landlord break lease do to short sale?
Landlords give all sorts of crazy reasons for wanting to break leases. This is one of the strangest I have ever heard. A lease is a legal contract. It may contain a clause describing how the landlord can break it. The landlord may have sold the building for a whole lot of money. If he can get you out without having to pay you to break the lease then he gets to keep more money. His short sale does not involve you. He has a different motive. His short sale does not give him the right to break a lease. Your problem is your lease with him.
Is it required that a landlord give the renters money back after one day of leasing?
It completely depends on the situation. Was the lease broken by the tenant or the landlord?
Can an apartment complex change a lease prior to the recent one expiring without a new one being signed?
Generally speaking, once the lease is executed by both parties, money exchanged (rent is paid with any deposits to move in), and a key is issued to the tenant, the lease may not be changed. If the landlord later wants to change the terms of the new lease, he has the right to do so: the tenant has the right to sign or reject it and move out.
Could you rent another apartment while you are under a lease of another and then break for lease of the old one?
yes u can it's ur money
Tenant lease was dependent on work to be performed on roof and the roof never got repaired plus no rent has been paid so can I void lease at this point?
If you didn't sign an actual lease and submit it to your city hall, there wasn't ever a lease and therefore you should get rid of that moocher. I too have had a tenant, but she has to move out because she stole my money and didn't pay me for 1 month and didn't supply th amount of food as she had promised.
