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Before you end your lease, be sure to compare all your options and decide if it's the right choice for you. Everyone's lease contract is different, so it's important to choose the option that ...
End-Of-Lease Buyout. A typical car lease with a buyout option happens at the end of the lease term. If you want to buy the car, you pay the residual value, which is determined at the start of your ...
There are two types of buyouts: an end-of-lease buyout and an early lease buyout. As you might guess from the name, an end-of-lease buyout happens when your lease expires.
A lease can be for a fixed period of time (called the term of the lease). A lease may be terminated sooner than its end date by: Break/cancellation (this depends upon the terms of the lease) A negotiated deed of surrender or yielding-up. Forfeiture; By operation of statute (rare)
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 ...
The lease purchase agreement expounds upon what responsibilities the tenant/buyer and landlord/seller undertake during the course of the lease. This contract should describe any option fee and how much of the monthly payment will be credited to the down-payment for the purchase of the home at the end of the lease.
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