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When real estate under an estate for years is sold what happens to the lease?
lease is subject to termination with proper notice
What happens in chapter 6 of family under the bridge?
the main idea of that chapter
What happens if you default on a vehicle lease agreement?
What typically happens is that the party financing the lease will repossess the vehicle. The vehicle will typically be sold and the party financing the lease will attempt to collect the balance remaining under the lease either through a collection agency or through formal legal action.
How long after a chapter 7 bankruptcy can someone get a car lease?
You can get a car lease immediately after filing for Chapter 7 bankruptcy. Since it would be a post-petition debt, there is no waiting period provided that you qualify income wise. Some lenders may require you to have a discharge, however, it is not required under the law to lease post-filing.
Can you sale land after conversion from Agriculture to commercial by Urban Improvement trust and given on 99 years lease?
Yes u definitely can sell land after conversion from Agriculture to commercial by Urban Improvement Trust and given on 99 years lease...only the registry will have to be done again in the registrar's office..and the registry fees has to be paid...and the lease will be transferred to the buyer under his(buyer's) name.
Can you Sell a house under a lease?
The owner can sell a house under a lease, but the buyer must either honor the terms of the lease or make an offer to get the tenant to break the lease.
How do you book a fixed asset that is a lease?
[Debit] Asset Under finance lease xxxx [Credit] Liability Under finance lease xxxx
What happens after your 1 year lease is up in California are you on a month to month or can your landlord ask for another signed lease?
It can go either way, depending on what the landlord wants. If they want you to sign another lease, they can require you to do so if you wish to continue living there. In absence of another lease, you are considered to be on "month to month" under the same terms as the original lease.
What is an underlying lease?
An underlying lease refers to a lease agreement that forms the foundation for a sublease or a secondary lease arrangement. In this context, the primary tenant (lessee) holds the original lease with the property owner (lessor) and subsequently leases the property to another party, known as the subtenant. The terms of the underlying lease dictate the conditions under which the subtenant can occupy the property, often requiring the subtenant to comply with the original lease's terms. This arrangement is common in commercial real estate and residential rentals.
What is a CLC agreement?
A CLC agreement, or Commercial Lease Contract, is a legal document that outlines the terms and conditions under which a property owner (landlord) leases commercial space to a business tenant. It typically includes details such as the lease term, rent amount, responsibilities for maintenance, and provisions for renewal or termination. CLC agreements are essential for protecting the rights and obligations of both parties involved in a commercial leasing arrangement.
Is a lease exempted from coverage under the UCC?
Yes, a lease can be exempted from coverage under the Uniform Commercial Code (UCC) if it is considered a "true lease" rather than a lease intended as a security interest. The UCC primarily governs transactions involving the sale of goods and secured transactions, so if a lease does not involve the transfer of ownership or significant risks and rewards associated with ownership, it may fall outside UCC coverage. Additionally, leases of real property are generally governed by state property laws rather than the UCC.
Does an airline have the right to buy an aircraft while under Chapter 11?
Most airlines don't buy their own aircraft outright. Most aircraft in North America are leased from brokerage firms and such. Therefore an airline under chapter 11 can gain more aircraft into their fleet , only if they find a brokerage firm that's willing to risk it and lease them one !
