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Lease to own agreements are treated as a combination of a lease and a purchase in accounting. The lessee records lease payments as expenses and the asset as a liability on the balance sheet. Over time, the lessee gradually assumes ownership of the asset as payments are made.

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5mo ago

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What if your husband files bankruptcy and you have a leased car?

If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the car


Who pays the taxes in a lease to own a house situation?

That depends entirely on the lease agreement...it could be either side.


Can you own a home if you don't own the property?

Yes, you can own a home without owning the property through various arrangements like leasehold agreements or cooperative housing. In a leasehold, you own the home but lease the land from a landlord for a specified period. In cooperative housing, you own shares in a corporation that owns the property, granting you the right to live in a unit. These options allow individuals to have a home without direct ownership of the underlying land.


Difference between operating lease and finance leasing?

An operating lease does not transfer the risks and rewards to you (lessee) at the end of the lease period where a finance lease does. So in affect the operating lease can be thought of as renting the asset while a finance lease can be seen as a finance option to own the asset.


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.

Related Questions

What if your husband files bankruptcy and you have a leased car?

If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the If you keep paying the lease, nothing happens. You are permitted to own or lease a car. If you don't pay the lease, you have tohave to give the car


What is a leased to own a home?

"Lease to own", Is when you lease a house with the intention to buy it for a discounted price after the lease is over.


Who pays for utilities in rental agreements?

Depends on your landlord. You may be responsible for your own utilities or, especially if the utilities are not split as in many 2 family homes which share water and other utilities, they are included in the rent or lease.


Exceptions to the Accounting of Disclosures include which of the following?

a and c only. For routine Treatment, Payment, and Healthcare Operations (TPO) and Made to the individual for his or her own PII/PHI


Does the US own or lease the land at Guantanamo Bay?

The US has a perpetual lease on the land.


Is Depreciation of lease to own equipment calculated based on useful life or lease terms?

no


Does Taco Bell own their own buildings or do they lease or rent?

they have their own buildinds


How do you add your girlfriend to your lease?

Do you mean 'How do I add my girlfriend to my lease?' Your landlord can agree to add her but is not obligated. Being on a lease is mostly 'agree to pay' so I wouldn't add her. Just have her live as your guest with money agreements between you and her a private matter. As your question reads, you own the house and wish to charge your girlfriend rent. Such relationships are often temporary. I would not like a formal lease. An informal deal with her ought to be enough and will let you two split easily if you wish later on.


How long does a tenant would own the land?

Tenants do not own land they just lease it from landlords. The length of the lease can be determined by the two parties.


What kind of lease is generally required with a rent to own home?

You will need a long term lease that lasts about 5 yeras with a rent to own home.


Are free downloaded residential lease agreements considered legal documents that would be upheld in a court of law?

Yes, they are considered legal documents. Every US state has its own different standard form which can be filled in by landlords and tenants to sign a contract.


Is accounting useful for business?

yes. if you own your own business you will have to pay any employes that you have. If you know accounting you will be able to learn how to do payroll as well