Leasing any type of asset gives an entity the right to use the asset for a short-term. In general, the entity is only renting the asset although manyleveraged leasesoffer a buyout option at the end of the lease term. The leveraged aspect of a leveraged lease involves borrowing funds to ...
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The major drawback of leasing is thatyou don't acquire any equity in the vehicle. It's a bit like renting an apartment. You make monthly payments but have no ownership claim to the property once the lease expires. In this case, it means you can't sell the car or trade it in to r...
Read More:What is a Breach of Contract in an Apartment? Use of Constructive Eviction A constructive eviction occurs when a landlord does something to a tenant to attempt to make the tenant move out of a rental unit instead of issuing an eviction notice. Constructive eviction can also ...
If you’re lucky, your landlord isn’t as strict as what you’d find if you lived in a large apartment complex managed by a bigger entity. You may have a shorter lease agreement that simply asks that you provide notice before moving out. Even if your lease lays out exactly what thepen...
Leasing a car or other personal vehicle has several benefits. The main ones that make this an option for getting some wheels are the lower monthly cost and smaller down payment. Like renting an apartment, though, this arrangement comes with a lease maturity date. When your lease ends,Car and...