This Lease is meant to be used by one individual dealing with another individual rather than a dealership situation. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
Lease Agreement For Tenants In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00400BG
Format:
Word;
Rich Text
Instant download
Description
An "Automobile Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by a leasing company or bank ("financier") . It is usually prepared or provided by the automobile dealership. This type of Automobile Lease is one the methods by which an automobile may be financed. It allows the customer to drive an automobile by making monthly payments to the financier. The payments serve to compensate the financier for the depreciation in value of the automobile during the time it is being driven. The financier will also assess a monthly finance charge that is similar to interest on a loan. This compensates the financier for the use of their money that is tied up in the purchase of the automobile from a dealer. The financier or car dealership actually owns the automobile. The automobile is leased for a specific period of time and is typically returned to the car dealership at the end of that time.
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FAQ
The Ellis Act is a 1985 California state law that allows landlords to evict residential tenants to “go out of the rental business.” In California, landlords (big and small) can choose to go out of the rental business and evict tenants.
Ing to AB-1482, the Tenant Protection Act of 2019, landlords in California are only permitted to increase rent by 5% plus 10% or the annual inflation rate, whichever is lower.
Contra Costa County has implemented rent control and just cause eviction protections in certain areas. These laws: Limit annual rent increases. Protect tenants from arbitrary evictions.
A lease with a term of one year or less may be created by verbal agreement. However, for the sake of clarity and to reduce the risk of disagreement (both during the lease term and after tenant's surrender of the premises), all leases, even those with month-to-month terms, should be reduced to written form.
A California month-to-month lease agreement is a short-term rental contract that renews on a monthly basis. For tenancies lasting longer than one year, the California Tenant Protection Act restricts the conditions under which landlords may cancel a month-to-month lease.
Rent caps: Under AB 1482, landlords cannot increase rent more than 5% plus the local CPI or 10% in a 12-month period, whichever is lower, even for month-to-month tenants.
The standard lease agreement in California, whether for residential or commercial property, is a legal contract between the property owner and the prospective tenant. It outlines the terms under which the tenant can occupy and use the rental property.
The most common types include joint tenancy, tenancy in common, tenants by entirety, sole ownership, and community property.
Assured Tenancy (AT) and Assured Shorthold Tenancy (AST) agreements offer more security than other tenancies as they offer the tenant more rights. For an agreement to be an Assured Tenancy, the tenant needs to occupy the property as their sole residence, and they have to be an individual, not a company.