New Hampshire Net Lease of Equipment (personal Property Net Lease) with no Warranties by Lessor and Option to Purchase Description: The New Hampshire Net Lease of Equipment with no Warranties by Lessor and Option to Purchase is a legal agreement between a lessor (equipment owner) and a lessee (equipment user) in the state of New Hampshire. This lease allows the lessee to use the equipment for a specified period, in exchange for regular lease payments, without any warranties provided by the lessor. Additionally, this type of lease gives the lessee an option to purchase the equipment at the end of the lease term. Keywords: New Hampshire, net lease, equipment lease, personal property lease, no warranties, lessor, lessee, option to purchase. Different Types of New Hampshire Net Lease of Equipment (personal Property Net Lease) with no Warranties by Lessor and Option to Purchase: 1. Fixed-term Net Lease: This type of lease involves a specific duration, typically ranging from a few months to several years. The lessee agrees to make regular lease payments for the duration of the lease, and at the end, they have an option to purchase the equipment. 2. Short-term Net Lease: This type of lease is suitable for businesses or individuals who require equipment for a shorter period, usually up to a year. The lessee can use the equipment for the agreed-upon term, make lease payments, and decide whether to exercise the option to purchase at the end. 3. Finance Net Lease: In this type of lease, the lessor offers financing options to the lessee. The lessee can make monthly payments, similar to a loan, with a portion going towards the purchase of the equipment. At the end of the lease term, the lessee can either return the equipment or buy it by paying the remaining balance. 4. Fair Market Value Net Lease: This type of lease sets the option to purchase the equipment at fair market value at the end of the lease term. Fair market value is determined by the current market conditions and the condition of the equipment, allowing the lessee to purchase the equipment at its current worth. 5. Modified Net Lease: A modified net lease involves negotiations between the lessor and lessee to customize certain lease terms to meet specific requirements. This flexible type of lease allows both parties to agree upon different options related to lease payments, renewal terms, purchase price, or any additional clauses. Note: It is advisable to consult a legal professional for expert advice and guidance when entering into a New Hampshire Net Lease of Equipment (personal Property Net Lease) with no Warranties by Lessor and Option to Purchase, as specific terms and conditions can vary depending on individual circumstances and legal requirements.
New Hampshire Net Lease of Equipment (personal Propety Net Lease) with no Warranties by Lessor and Option to Purchase
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Lease Revenues means the Basic Rent Payments, Supplemental Rent Payments and all other amounts due and owing with respect to this Lease, including, without limiting the generality of the foregoing, prepayments, insurance proceeds and condemnation proceeds.
Lease Receivables means all payments under the Operative Documents in respect of (i) the Purchaser Basic Rent, (ii) the Maximum Recourse Amount, (iii) the Purchaser Balance and (iv) any purchase by the Lessee of the Properly up to the amount of the Capital then outstanding.
Gross leases are commonly used for commercial properties, such as office buildings and retail spaces. Modified leases and fully service leases are the two types of gross leases. Gross leases are different from net leases, which require the tenant to pay one or more of the costs associated with the property.
Most financial leases are "net" leases, meaning that the lessee is responsible for maintaining and insuring the asset and paying all property taxes, if applicable. Financial leases are often used by businesses for expensive capital equipment.
The definition of lease is to rent property out to someone or to agree to rent someone else's property. An example of lease is when you rent your apartment out to a tenant. An example of lease is when you decide to rent an apartment to live in. verb.
Net leases generally include property taxes, property insurance premiums, or maintenance costs, and are often used in commercial real estate. In addition to triple net leases, the other types of net leases are single net leases and double net leases.
As with the lease liability for a lessee, the lease receivable is calculated as the present value of the lease receipts expected during the lease term. The deferred inflow of resources is equal to the lease receivable with a few minor adjustments and is similar to deferred revenue.
A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.
Various Types of Lease.(1) Finance lease :(2) Operating lease :(3) Sale and lease back :(4) Direct lease :(5) Single investor lease :(6) Leveraged lease :(7) Domestic Lease :More items...
The three main types of leasing are finance leasing, operating leasing and contract hire.Finance leasing.Operating leasing.Contract hire.