Unlike a normal car loan, a novated lease allows you to pay less tax on your salary, save GST on servicing, maintenance, and the purchase price of your car, and also offers the added convenience of payments being deducted directly from your salary. Why is novated lease a bad idea?Read More →
Onerous contract A contract in which the unavoidable costs of meeting the obligations under the contract exceed the economic benefits expected to be received under it. What are the examples of onerous contract? A typical example of an onerous contract would be a lease on a property that is noRead More →
These requirements specify that a contract is ‘onerous’ when the unavoidable costs of meeting the contractual obligations – i.e. the lower of the costs of fulfilling the contract and the costs of terminating it – outweigh the economic benefits. What is an onerous contract example? A typical example of anRead More →
Chevy’s standard lease rate remains 6.2%, the same figure as this time last year on the 2020 Corvette. Even with a residual value of 67%, the cost of a $0-down, 12,000-mile-per-year lease comes out to approximately $808/month. Should I lease a Corvette? Corvette is an ideal lease vehicle for aRead More →
Under the terms of most rental agreements, remaining tenants need to get the landlord’s permission for and approval of any new cotenants. Your landlord will likely require you and the new cotenant to sign a new rental agreement. What’s the difference between an occupant and tenant? If the owner maintainsRead More →
These can include property tax, insurance, utilities, maintenance, common area costs and repairs. Common area maintenance. … Gross rent lease. … Modified gross lease. … Net lease. … Double net lease (NN) … Triple net lease (NNN) … Percentage rent lease. … Tenant improvement allowance. What are the three typesRead More →
Most landlords will ask you to pay a deposit when you move in. … A deposit gives the landlord security in case you cause damage to the property or don’t pay rent. The deposit belongs to you and you should get it back when you move out if there isRead More →
Do car dealers prefer to sell or lease? Contrary to what many people think, car dealers aren’t the ones that actually lease out the vehicle. … In fact, most dealers LOVE leasing because it allows them to make more profit than a traditional car purchase. Do dealerships make more moneyRead More →
Chevy’s standard lease rate remains 6.2%, the same figure as this time last year on the 2020 Corvette. Even with a residual value of 67%, the cost of a $0-down, 12,000-mile-per-year lease comes out to approximately $808/month. How much does it cost to lease a Corvette? The average lease paymentRead More →
The lender keeps a lien against the vehicle (this is noted on the title). And when the term is over, you “own” the vehicle and the lien on the vehicle’s title is released. With leasing, it’s a little different. … What happens with a vehicle lease is you pay forRead More →