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Er, then you can pay for it? ;) Seriously, though, since this was asked in category Repossession, I'm assuming that a notice of repossession has been sent out and/or the property has already been repossessed pusuant to a default or breach on a lease agreement. If whatever was leased was repossessed according to the terms of the lease or as the law allows, the Lessor would be under no obligation to re-lease or return the property just because you now have the money to satisfy the obligation. A breach for default effectively ends your lease. That said, your lessor may be willing to entertain continuing your lease or initiating a new lease. But that would be utterly at the lessor's discretion. If you have only received notice of repossession, your lease terms may still be active. A call to your lessor would clear up their position quickly. Either way, read your lease and pay close attention to what it says about default or breach of your lease, and especially if there are any time limits between breaching your lease and applying a remedy. It could turn out that your lease says something like you have 30 days following the breach to repair it before any action can be taken towards repossession.
What else can I help you with?
What if your husband files bankruptcy and you have a leased car?
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What happens if I void a rental agreement?
You will have to pay the remainder of your lease. Or even have to pay until the landlord finds someone else to rent to.
What happens when you total a lease car?
When a lease car is totaled, the car company will require the car lessee to pay the lease balance to get out of the contract. This is applicable for a wrecked car and non-reparable vehicle.
What happens if I exceed the mileage limit on my lease agreement?
If you exceed the mileage limit on your lease agreement, you may have to pay additional fees for each mile over the limit. This can increase the overall cost of your lease.
What happens when you can no longer no way pay your FL car lease?
Turn it in. It will go on your credit report as a defult.
Is their any penalty for a repo lease?
I would imagine there is. Lease is somewhat like a loan and I am sure there is a clause in there for repo, you are still the signer and anything that happens will fall on you to pay.
What happens if you go over the mileage limit on a lease?
If you exceed the mileage limit on a lease, you will typically have to pay an additional fee for each mile over the limit. This can result in extra costs at the end of your lease term.
What happens if you go over your lease mileage?
If you go over your lease mileage, you may have to pay additional fees for each mile exceeded. These fees can add up quickly and can be costly at the end of your lease term.
What happens if you go over the allotted mileage on a lease agreement?
If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit.
What happens if you exceed the mileage limit on a lease agreement?
If you exceed the mileage limit on a lease agreement, you may have to pay additional fees for each mile over the limit. This can result in extra costs at the end of the lease term.
What happens if you don't pay your apartment lease on time?
If you don't pay your apartment lease on time, you may face late fees, eviction proceedings, and damage to your credit score. It is important to communicate with your landlord if you are having trouble making payments to avoid these consequences.
If you co-sign a lease are you responsible for all roommates' rent even if they have their own co-signers for their leases?
When you sign a lease with multiple tenants on the lease, you are all equally responsible for any aspect of your rent. Therefore if your roommate does not pay his portion of the rent, and you are responsible for the portion he doesn't pay. If this happens then you can be able to evict your roommate or have the landlord do so. Some landlords allow you to be the main tenant on the lease and in essence be the landlord for your roommates. This is called subletting. Most apartment complexes do not allow this. But for the landlords that do allow it, it allows you to control your situation better: your roommates can pay you and then you give one check to your landlord. If your roommate doesn't pay you, you can evict him. A lease is an agreement between all of you who are in the lease and your landlord. Therefore you are all equally responsible for what happens.
