What is a Lease? A lease is a legal contract that establishes the terms of renting real estate or other types of property. There are several types of leases, but each typically includes standard provisions such as the rent amount, lease term, and the rights and responsibilities of the ...
The term Lease usually applies to rent that is paid for non-residential space. It is a contract between a business and a landlord, for commercial/for profit use of the property. This type of rental agreement usually covers a longer period of time–the lease term is at least a few years....
Skipping the 12-month lease agreement has perks, but be prepared to pay more for the extra flexibility.
If you lose your job and are unable to provide the necessary documentation, there are alternatives to a fully binding lease. If a car lease is what you’ve been searching for, you may want to consider purchasing or otherwisefinancing a vehicle. This option leaves you with a tangible asset ...
What is a Lease Purchase Contract? What is a Renewal Option? Discussion Comments ByMarkerrag— On May 16, 2014 @Terrificli -- those option clauses are almost always enforceable. Why? Because both the buyer and seller receive something and that makes the clause enforceable. In the case of ...
The term "Subject To" is often used in reference to a property that is sold subject to an existing loan. The seller's existing mortgage remains in place after the property is sold, while the new buyer continues making payments for the remaining life of t
1. If a lease is not fully signed that means it's incomplete and can be thrown out. 2. I stay in an apartment complex and I was trying to get out of my lease. The lady told me I would have to pay $150 and find someone to takeover my lease to get out of it, but its not...
The option fee, also known as option consideration, is a non-refundable upfront payment made by the tenant to the landlord to secure the right to purchase the property during the lease term. Rent credits, if applicable, are additional financial incentives in some lease option agreements that ma...
A shell lease, common in commercial real estate, is a lease for an unfinished interior that the tenant will customize to their specific requirements. A shell lease can exist in many forms depending on the work that has already been completed on the property and the work that remains to be ...
You think, "Oh, no problem--I'm just building a basement suite." Wrong! While many people think a duplex is two homes joined by a common vertical wall, that set-up is actually a "semi-detached" house. That's right, a duplex and a semi-detached house are different.By Jordan Otr...