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You move to a new city or state: If you move to a new city or state, you may decide that you don't want to take your car with you. It may cost too much to transport the vehicle, or the type of ...
The nomenclature of the American rule runs contrary to the general tendency in property law, where American law evolved out of and in many instances diverged from English property law: the American rule is the original default rule, and the English rule, having been passed subsequently in England, began to be adopted by an increasing number of ...
This should be done before you cancel the old policy, to avoid a lapse in coverage. ... Moving out of state, however, may mean transferring your policy or canceling it and purchasing a policy with ...
For lease contracts, without the inclusion of an acceleration clause in a lease, a landlord's right to sue for damages for breach of a lease may accrue on the date the termination date of the lease. With an acceleration clause a landlord may be able to sue for damages when a breach of the lease agreement occurs. [5]
Termination fees are common to service industries such as cellular telephone service, subscription television, and so on, where they are often known as early termination fees. For instance, a customer who purchases cellular phone service might sign a two-year contract, which might stipulate a $ 350 fee if the customer breaks the contract.
With the price of premiums doubling the past few years, some Florida homeowners are choosing to go without property insurance, figuring that the savings are worth the risk of going bare in a ...
Vacant possession refers to the typical condition in which a seller must hand over a property to a buyer upon completion, or a tenant must return the property to a landlord at the end of a lease. In simple terms, it means that the rightful person, such as a buyer or a landlord, can peacefully and fully utilize the property.
At the same time, the asset is depreciated. If the lease has an ownership transfer or bargain purchase option, the depreciable life is the asset's economic life; otherwise, the depreciable life is the lease term. Over the life of the lease, the interest and depreciation combined will be equal to the rent payments.
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