Leasing is one of several financial instruments available to firms need to meet their equipment. Leasing offers fixed rate financing and is usually associated with low cost or slightly below.
More surprising, however, come at the end of the lease. It's too late to negotiate changes in the lease. The treaty is "okay" - the payments from the customers has made for some time.
No surprises at the end of the lease can easily lead tohigher costs for the automatic extension.
There are nine different to do things that businesses can avoid surprises and minimize the risk of additional costs and extensions.
1. End of advice to give a reasonable rent to: Enter the leasing company adequately written the end of the lease. The most common period of the notice of the word "at least 60 days before the expiration of the contract." Sometimes the reporting requirement, as long as nine months before the leaseExtremities.
2. No More - not less: sometimes people have to say the lease in advance of up to 120 days and at least 90 days before the expiration of the lease. The manner in which the customer 30 days to express an opinion. Miss informed immediately and the lease is automatically renewed at the total cost of the increase in rents. The automatic extension adds hired no fewer than 12.
3. Certified E-Mail: Send all communications to the leasing company byCertified e-mail. Fax and email are not enough.
4. Start early: Start of the negotiations prior to the date of return, especially if they also purchase of equipment.
5. Payments due: Check the number of remaining payments at the end of the lease is with the internal archives of company accounts. Leasing Company performance, because, as the leasing company recognizes the date of payment vary the rent. Sometimes happens when the penalties for late paymentinvolved.
6. Late fees: negotiate any costs of delay ... because we can and must.
7. Property Taxes: Property tax assessments to check the final invoice. Make sure that the costs agreement with your state, county and city tax rates. Sometimes there are errors in the tax rates at the end of the lease. This is the last chance the customer to correct the error and receive repayment of the error, the tax rate.
8. Early termination: If you pay rent before the original deadline to determine whether the reductions are applicable. Sometimes the language of the lease provides reasons for the discounts. Check the default point, leased insurance or points at the end of the justification for the rebate.
9. Deposit Guarantee: If the leasing company requires a deposit at the beginning of the tenancy, make sure that the deposit will be applied to final payment, or return to your company at the end of > Lease.
Leasing is one of the many assets of the funds available for businesses. Not all sites are similar, and the locations are the same. If companies are tailored to review and renegotiate leases aggressive leases on the company's needs are.
If he can not verify the company and negotiate leases, often could the services of an independent review of the specialized lease rent. These specialists help companies at all stages of> Selection of the lease, supply and trading. Their services to the company savings on hundreds of thousands of dollars each place.
For more information about this topic, see LeaseSpeak.com
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