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A lease is a legal contract between a lessor (owner) and a lessee (tenant) that outlines the terms under which the tenant can use the property. It typically specifies the duration of the rental period, payment terms, responsibilities for maintenance, and conditions for termination. Leases can apply to various assets, including residential and commercial real estate, vehicles, and equipment. Additionally, they may include clauses addressing issues like security deposits and renewal options.
What else can I help you with?
What is a contract thet lets you rent someone else's possessions?
lease
Can I lease a truck for someone else?
You cannot lease a truck for someone else, unless you have a commercial lease on a vehicle. You could lease a truck, but the title must be in your name. You can certainly make payments for someone else, but the credit will always go towards the lessee.
What is the difference between lease and sublease?
A lease is were you are renting of the owner itself, a sub lease is were you would be renting a part of what somebody else already has.
What happens when one of the two people who are on the lease is behind on their half of the rent?
Basically every lease has one lease holder. Anyone else on the lease is usually someone who was being allowed to live in the apartment. The main lease holder is the one who was responsible for the rent. So if anyone else moves out, the full amount of the rent is expected from lease holder.
Does a lease release or a amendment have to be signed to lease to someone else?
It depends on the terms of the lease that is in effect now. If you have a lease that does not allow for a sub-lease (or whatever you are trying to do), then yes, you will have to get the agreement of the landlord before sub-leasing.
What does lease busters do for someone?
Lease Busters helps to find someone to take over the lease of your car or for you to find a car to lease without hassle, you can take over someone else's lease. Lease Busters has a thorough Process Checklist and Offer-To-Lease form to help you in your decision for your car.
Why would you want to swap a lease?
There are several reasons why someone might want to swap a lease. It could be because their financial situation has changed and they can no longer afford the payments, they no longer need the vehicle, or they simply want to get into a different car. Swapping a lease allows them to transfer the remaining lease term and payments to someone else, relieving them of the financial responsibility.
What describes the term residual value?
the amount a car is said to be worth at the end of the lease
Can you be sued for a lease that is not in your name?
You cannot be sued unless you signed the lease or signed something else promising to guarantee it in some way.
What are my options for moving before my lease is up?
Your options for moving before your lease is up include negotiating with your landlord to end the lease early, subletting the apartment to someone else, or breaking the lease and potentially facing financial penalties.
Your parents live in Virginia Beach VA your father has a aneurysm and needs to move back to Il Condo owner they lease from will not let them out of the remaining 6 mo of lease Lease needs to be broken?
Is the Lease assignable and/or can you sublet it? If your Lease says you can, or if the Lessor will allow it, you could find someone else to take over the terms of the Lease without interruption (which is an "assignment" - you're assigning the lease terms to someone else.) "Subletting" means that someone else would stay there and pay your parents, and then your parents pay the Lessor. This, too, usually requires Lessor permission. Breaking a lease can have serious repercussions for credit (and possibly future housing.) Investigate all your options (including reading the lease yourself and/or having counsel go over it.)
Are there any common loopholes that I can use to get out of my rent or lease agreement?
A rent or lease agreement is very secure and hard to get out of. A deal has to be made with the rental company to terminate the lease. These usually require getting somebody else to take over the apartment for the rest of the lease term.
