Ask Experts Questions for FREE Help !
Ask
    clangle's Avatar
    clangle Posts: 1, Reputation: 1
    New Member
     
    #1

    Apr 27, 2007, 07:25 PM
    Lease buy out
    If my tenant has vacated the structure and the lease states that they have violated the lease by doing this and have not corrected it in 30 days or they have to pay the remainder of the lease now...
    Do I discount the remainder of the lease amount or go for the full amount??

    Junior
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
     
    #2

    Apr 27, 2007, 09:07 PM
    Hello c:

    Why would you give these deadbeats a discount? You're not going to collect anything anyway, so you might as well go for it all.

    excon
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
     
    #3

    Apr 27, 2007, 09:09 PM
    You charge them to maximum amout that the legal terms of the lease allows. If you latter wish to accept a lesser amouint as payment in full that is your personal legal option, but never start by asking for less than you are allowed to collect.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Apartment Lease Buy-Out in NYC [ 2 Answers ]

The building that I now live in has just recently been sold. (New York City location) The management of the new owners has approached me for a meeting to discuss a possible buy-out of my existing lease. I still have 1 year left on my lease, paying rent that is well below the market rate. ...

Would My Landlord Buy Out My lease? [ 5 Answers ]

We have 6 more years on an office lease in a 30 office office park that is in the process of being sold. The property will be torn down and replaced with larger more upscale office buildings. We have been offered the opportunity to break our lease but the moving costs will be a minimum of...

Can a co-signer buy out a lease if I don't sign off on it? [ 2 Answers ]

My roommate and I haven't gotten along since we moved in together. Today she left a letter in the mail for me stating that if I didn't agree to sign her name off the lease in 30 days her dad was going to buy out our lease and kick me out. We rent from an apartment complex and all three of our names...

Vehicle lease vs. Buy [ 1 Answers ]

I know this is an age old question. I am a single person LLC commission sales that has always leased a CAR (no trucks) every 2 years. My accountant strongly advises this as all of the expenses are deductible. He says that not only is it clean and easy, but financially it make sense. I have...

Lease or buy a new car [ 3 Answers ]

I am retired. I drive a 2000 Jaguar. In a couple of years I want to get a new jaguar.Would I be more prudent to lease a new Jaguar or buy one? I drive about 12,000miles a year. Thank you very much.


View more questions Search