Review Lease Agreement in Florida for Real Estate Business
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Lease Agreement
Florida
Business
Real Estate
A week
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10-20 pages
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Lease Agreement
Arizona
In a lease purchase agreement, is the purchase price agreed upon initially and if so, how do you calculate a purchase price for 3 years into the future?
I am looking to start a RE development company that offers Lease Purchase agreements. Before entering into such a contract, I need to run the numbers to see if this is a profitable business. The purchase price is a key factor.
Jane C.
I suggest you consult with your accountant. Also look at the assignment provision in the lease to see if there are any restrictions.
Lease Agreement
New York
Can I change my lease agreement with the dealer after purchase since they seemed to cheat
I just lease a new car. I went to the dealer 2 weeks ago, met with a lease specialist and signed a sketch lease agreement and paid $300 for deposit. The important thing is that we agreed on 0 down payment and $253 monthly payment. So on the lease agreement, the item "down payment" was written as "taxes + fees", but not specified how much will be charged. After 2 weeks, the car arrived and I went to pick it up. The original lease specialist was not there and another person took care of my lease. I trusted them and paid as they said, though more than I expected. However after I carefully read the new lease agreement later, I found that the down payment was not set to be 0, while the monthly payment remained the same. Besides taxes & fees totaling to $910, they set up "capitalized cost reduction" $2819, minus some rebates $1175, and charged me $910 + $2819 - $1175 = $2554. Later I called the dealer for an explanation but they said yes this is just 0 down payment, the amount I paid was due to blablabla. I don't believe them now - that $2819 "capitalized cost reduction" is used to calculate the residual value of the car at the end of lease. Doesn't that just mean down payment? I wonder if I can argue with the dealer and get my money back, add it to the residual value of the car. I have both copies of the lease agreement. Maybe I need the help of an attorney.
Jane C.
It seems that you paid the capitalized cost reduction to reduce you monthly payments.