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Ending a car lease early often comes with an early termination fee, meaning it's important to consider the pros and cons first. For example, if you're moving to a new city with public ...
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Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement.
The time use of a chattel or other so called "personal property" is covered under general contract law, but the term lease also nowadays extends to long term rental contracts of more expensive non-Real properties such as automobiles, boats, planes, office equipment and so forth. The distinction in that case is long term versus short term rentals.
Closed-end leases are so called because they run for a fixed term, and the lessor and lessee agree in the lease contract what the residual value of the property being leased will be. In most cases (particularly in retail motor vehicle leases), the lessee has an option to purchase the property for the agreed residual value at the end of the ...
There are several advantages to paying off your debt early, and almost all of them translate into more money in your pocket each month and more financial freedom to address other goals. 1. Freedom ...
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