Leases & Leasing Information


Leases And Tenants - The Spooky Tenant


You, Mr. Landlord are pleased to find qualified tenants for your rental house. The man and woman sign a one-year lease on Tuesday.

On Thursday the male tenant contacts you and says they have changed their minds because his girlfriend thinks she sees "dead people" in the bathroom.

He expects you to cancel the lease!

What do you do, hire an exorcist?

No, you smile and softly explain... "Listen Bub, that was a legal contract you signed. It binds both of us to everything printed on those sheets of paper.... the laws says so, that's who!

And that's true... both parties must agree to break a legal contract... it can't be done unilaterally (usually). In this case the contract is the well prepared, solid gold lease.

Is your reluctant tenant on the hook for an entire year's worth of monthly lease payments?

It brings a tear to the eye of we hard boiled landlords... but he probably is not obligated to pay rent for the entire year.

Courts have ruled that the landlord has to make a good-faith effort to find a new tenant for the unit as soon as possible.

As soon as one is found the original crybaby is released from the contract.

The cost of renting to the new tenant can be deducted from the security deposit you collected from Mr. Crybaby. That includes advertising and a copy of The Grinch Who Stole Christmas you give him as a go-away gift.

About The Author -

Mark Walters is a real estate investor and author. His published works can be found at his web site... http://www.CashFlowInstitute.com


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Australia: Leasing update - recent and potential future challenges for landlords
Mondaq News Alerts
Last Updated: 11 April 2018. Article by Duane Keighran, Peter Harkin, Damien Butler and John Douglas · Colin Biggers & Paisley · LinkedIn · Twitter · Facebook. IN BRIEF - RETAIL LANDLORDS SHOULD CONTINUE TO BE MINDFUL OF RECENT CHANGES TO NSW RETAIL ...

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Mondaq News Alerts

Malaysia: Leasing - A Guide To Leasing In Labuan
Mondaq News Alerts
Over the years, Labuan International Business and Financial Centre's (Labuan IBFC) leasing sector has grown in tandem with the region's economic growth, as demand for capital equipment has showed no sign of abating in order to meet the demands of a ...



United States: Leasing Tips For Commercial Landlords And Tenants: Who Owns The "Fixtures" When The Lease ...
Mondaq News Alerts
When a lease expires, it is not uncommon for landlords and tenants to dispute what constitutes the landlord's property and what constitutes the tenant's property, even when sophisticated parties and equally sophisticated leases are involved. Ownership ...

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Source (press release)

Troubled Air Zimbabwe barred from Europe
Source (press release)
Banned airlines, like Air Zimbabwe, could still operate in Europe on wet leases — leasing aircraft as well as crew, maintenance and insurance. On February 20, Air Zimbabwe chief executive Ripton Muzenda told a parliamentary committee that the airline ...



CBS News

More Americans are leasing cars -- should you?
CBS News
And car shoppers taking advantage of low-payment lease deals have helped booming U.S. auto sales that seem headed for the highest level since 2007. Leases, counted as sales in the overall total, accounted for about 22.5 per cent of new-car transactions ...



Birmingham Business Journal

Investors sink $51 million into International Park, Blue Lake Center
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"We are satisfied with the purchase price and see significant opportunity for additional growth via future new leases, leasing expansions and lease term extensions." The portfolio's location along U.S. 280, near I-459, gives easy access to Birmingham's ...

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Edmunds.com

Honda Unveils the All-New 2018 Accord
Edmunds.com
Now might be a good time to lease an Accord as some rumor is going around an enthusiast site that there will be no more subsidized leases. Leasing will still be available, but it will be a money value based on the true market value. This is being done ...

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The Truth About Cars

Are Car Subscription Services Going to Become the New Normal?
The Truth About Cars
Automakers are throwing everything they currently have at the wall to see what sticks. The concept of “mobility” is now so broad that it encompasses automation, electrification, vehicle connectivity, alternative modes of transportation, driving aids ...

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Stuff.co.nz

Charitable trust offers helping hand for new businesses
Stuff.co.nz
To help small businesses, they were also trialling a novel approach to shop leases: leasing by the square metre. Juanita Mariee runs Lash and Brow. When she was looking for space for her lash bar, she found she wouldn't need all the space in one shop ...



AutoSpies.com

The Depreciation Game: The Top 12 Cars To Buy One Year Old And The Top 10 To Buy New
AutoSpies.com
User Comments. MDarringer. Articles such as this always seem to "make sense" until you try to find a gently used, one-year-old vehicle, which is not as easy as finding a 2-3 year old CPO. A lot comes down to answering "Why do I want to buy?" In this ...

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