COMMERCIAL LEASE PARTIES: This Commercial Lease Agreement ("Lease") is entered into by and between Commodity Express Transportation, Inc., a Florida corporation, ("Lessee") and Power2Ship, Inc., a...
Sibley also advised: "When entering a lease agreement, be aware of any clauses in the contract regarding additional charges for 'excess wear and tear' or above-average costs for additional mileage. You want to minimize any surprise costs as much as possible." Closed-end vs. Open-end Lease...
If you’re ready to get into a lease agreement, we have all the pros and cons and tips for success you need to know before you sign the contract. Learn More Company Driver vs. Independent Trucking Contractor Are you trying to decide whether being a company driver versus an independent ...
There are a few cases where a shorter lease is applicable, but generally the lessee won’t get the full benefit of the agreement on such a short term. Leases can be drawn up for as long as seven-year agreements. 7 What financing mechanisms can be used to lease a truck?If you’re ...
Twitter Google Share on Facebook Also found in:Legal,Financial,Encyclopedia,Wikipedia. sale-lease·back (sāl′lēs′băk′) n. Seeleaseback. American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Hou...
leaseback is afinancial transactionwhereacompany sellsits ownedequipmentto aleasing companyand then immediatelyleases it back. In this arrangement, thecompanyessentiallybecomes the lessee, gaining immediate access tocash by sellingitsequipmentwhile retaining the right to use it through alease agreement. ...
AGREEMENT. On the terms stated in this Lease, Landlord leases the Premises to Tenant, and Tenant leases the Premises from Landlord, for the Term beginning on the Commencement Date and ending on the Termination Date unless extended or sooner terminated pursuant to this Lease. 2. RENT. A. Types...
Besides preparing a sublease, both parties will want to review the provisions for assignment or subletting in the original lease agreement between the landlord and the sublessor. Sublease Agreement. Tenants of residential property should prepare a sublease agreement if they are seeking to sublease a...