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What is a sale and leaseback?
A leasing package wherein the lessee sells presently-owned equipment to the lessor to convert fixed asset into cash with the lessor allowing the lessee to retain the full use of the property for a fee over a specified period of time.
What is lessors risk?
* Building may not be more than 25% vacant. * Lessor's Risk - Office Building - Office building Lessor's Risk must have 75% or more of the building occupied by tenants who have property exposures limited to those of a typical office exposure. Maximum allowable square footage of an office building is 100,000 and maximum number of stories is 6. * Lessor's Risk - All Other Buildings - Other lessor's risk personal property exposures for all tenants must be usual to the retail and wholesale eligible classes of business. Maximum allowable square footage of the building is 30,000 and maximum number of stories is 6. * Shopping Centers - Strip Type - Now you can get an instant quote for your Shopping and Strip Centers. These two classes are an LRO specialty. Even Shopping and Strip Centers with Restaurants (no more than 25%) are acceptable
Difference between sublet and assignment of lease?
An assignment is the transfer of a lease between the current tennant and a prospective tenant. A sublet is a lease held from a lessor who has a superior landlord.
What is a leasing company?
Finance Lease is a transaction whereby the owner (lessor) grants to another party (lessee) the rights of use to property for a fee over a specified period of time.
What is an operational lease?
An operational lease is a type of lease in which the contract period is less than the actual life span of the leased equipment, and the lessor pays all serving and maintenance cost. There is no transfer of ownership.
Who is the lessor and lessee?
lessor is the owner of property
What is a lessor and lessee?
A lessor is someone who grants a lease of something to someone. For example, in a commercial building lease scenario, the lessor is the landlord (building owner), and the tenant will be known as the lessee.
Who is the lessor vs lessee in auto registration?
The Lessor is the finance company. The lessee is the person leasing the vehicle from the finance company
What are the motivating factors for a lessor and a lessee?
The lessor has income producing property available and the lessee needs to rent residential or commercial space.
Is the lessor the landlord or the tenant?
Tenant and lessee are the same thing, they are a person who rents property from a lessor who own property that he wants to lease.
What rhymes with professor?
lessor, guesser, confessercompressor
What is the difference between lessor and leaser?
No difference.
Can a cosigner get out of a rental agreement?
Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.Not unless the lessor agrees to release the co-signer from the obligation and that agreement should be in writing.
If the lessee and lessor use different interest rates to account for a capital lease then total expenses for the lessee will be different from the lessor's total revenues?
yes
Is the lessor the lienholder?
The lessor is considered to be the lien holder because he is the one who has the claim to any rental benefits. He is supposed to collect rental income from the lease.
Which is greater or lessor -1.01 or -1.0009?
1.0009 is greater
What is the legal time limit a lessor has to be out of a home if the lessor loses the eviction process in court?
Sticky issue. Depends on the state. I would say no less than 3 days but it is dependent on what is considered legal notice properly served on the lessor. The landlord is responsible for safe storage of the lessor's belongings, typically. A person has a right to enter any building/residence to retrieve belongings - legally/sheriff. Work it out with landlord and get it in writing.
