Finish chart lease easily

Aug 6th, 2022
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How to finish chart lease

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In todays video, were gonna discuss the different types of leases that you need to know for your real estate licensing exam. All right, so theres eight different types of leases that you need to know for your exam. So lets take a look at each one of them. All right, so lets start out with the Net Lease. Now the net lease is sometimes called a Triple Net Lease, because in a net lease, the tenant is going to pay a monthly or quarterly rent, or however the rent schedule is set up. Plus, there are three other items that theyre gonna pay in addition to the rent. And that is gonna be, theyll be responsible for maintenance, property taxes, and also, the property insurance. So theyre gonna pay those three items in addition to utilities as well. Net lease is sometimes called a Triple Net Lease, and again, you need to know that those are used interchangeably for the real estate licensing exam. The next one I wanna talk about is a Gross Lease. Now a gross lease is typically used in resid

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With a car lease, you are basically paying to drive the car for a short-term. What happens at the end of a car lease agreement? When the term or duration of the lease period ends, the vehicle must be returned to the leasing company or it may be purchased for its residual value.
In both a car lease and a loan, the down payment is only refundable if you dont sign any paperwork. Once you sign all the documents, the deal is done and you cant get your money back. But, if a lender requires you to make a security deposit, know that you could get that money back.
Residual value: This is the estimated value of the vehicle at the end of the lease due to depreciation. Cars that depreciate more slowly than others have a higher residual value and lower monthly payments.
Its common for leasing contracts to have annual mileage limits of 10,000, 12,000 or 15,000 miles. If you exceed those mileage limits, you could be charged up to 30 cents per additional mile at the end of the lease.
How do you record an operating lease? A lessee (the party leasing the asset from a lessor) records the operating lease by including all lease payments for the year on the income statement as an operating expense. Its also recorded as an operating expense for tax purposes.
Purchase the Used Car The residual value that was established by the dealership or leasing company is the amount youll need to pay in order to own the vehicle. Just like a trade-in, you could avoid paying mileage fees, excessive wear fees, and similar charges if you purchase the used car.
Completion On completion of the lease, the landlords agent will be instructed to release the keys to the tenant who will then take possession of the premises and will be liable to comply with the terms of the lease.
You can choose to turn in your leased car at the end of your lease contract, purchase the now-used car, or use it as a trade-in on another new car at the car dealership or through a leasing company. In some instances, the leasing company might also offer to extend your lease agreement, typically no more than 6 months.

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