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    gordito4773's Avatar
    gordito4773 Posts: 1, Reputation: 1
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    #1

    Mar 29, 2009, 02:36 PM
    Lease contract with compounding
    I have a lease contract for a home site in a manufactured home park. The park owner has agreed to a 5% limit on increases, yet he is compounding the increase each year. The contract does not mention the compounding. Is this lega?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 29, 2009, 04:33 PM

    Is this a lease purchase, or a contact for purchase, or a loan, please be specific.

    How long is the lease for ? If the lease ends each year, you have to do a new lease each year.

    Please explain in a lot more detail
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