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  2. Letter of comfort (contract law) - Wikipedia

    en.wikipedia.org/wiki/Letter_of_comfort...

    A letter of comfort, sometimes called a "letter of intent", is a communication from a party to a contract to the other party that indicates an initial willingness to enter into a contractual obligation absent the elements of a legally enforceable contract. The objective is to create a morally binding but not legally binding assurance.

  3. Good guy clause - Wikipedia

    en.wikipedia.org/wiki/Good_guy_clause

    The use of a Good Guy Clause allows a renter to be released from liability of the lease if a rental is terminated early, giving tenants less apprehension regarding signing a time bound lease, and satisfying the landlord's worries about reclaiming their space "in the same condition in which they would have been had the lease expired in ...

  4. Rental agreement - Wikipedia

    en.wikipedia.org/wiki/Rental_agreement

    A rental agreement or lease may include a "rent review" clause which makes provision for the rental amount to be increased, the process for the landlord to provide notice of a rent increase and the options available to the tenant regarding acceptance or rejection of the proposed increase.

  5. Proof of funds - Wikipedia

    en.wikipedia.org/wiki/Proof_of_Funds

    A POF is commonly used when commencing a commercial transactions between parties who do not know each other. The purchaser's bank produces evidence in a standard format that their client is good for a transaction up to the value of xx, based on yy item etc. Usually, such letters have to be produced/verified/confirmed by a class A international bank, as local banks may not have the status ...

  6. Demand guarantee - Wikipedia

    en.wikipedia.org/wiki/Demand_guarantee

    Major differences distinguish letters of credit from "demand guarantees"; in the latter instrument the obligation to pay is conditioned within the terms of the bank's promise, therefore if the demand guarantee is payable upon the beneficiary's written first demand he is assured payment notwithstanding any defence related to any other underlying ...

  7. Real Estate Counselor: Ruling finds health club on hook for ...

    www.aol.com/real-estate-counselor-ruling-finds...

    The company made all rent payments required under the lease during the lockdown, which was from March 17 to June 12, 2020, but it eventually filed suit in August 2021 seeking a refund of those ...

  8. Surety - Wikipedia

    en.wikipedia.org/wiki/Surety

    Usually, a surety bond or surety is a promise by a surety or guarantor to pay one party (the obligee) a certain amount if a second party (the principal) fails to meet some obligation, such as fulfilling the terms of a contract. The surety bond protects the obligee against losses resulting from the principal's failure to meet the obligation.

  9. Lease purchase contract - Wikipedia

    en.wikipedia.org/wiki/Lease_purchase_contract

    Elements of a lease purchase contract typically include: Property value - The agreed sale price of the property. Duration - The time frame of the agreement. Monthly payment - How much the lessor will be paying monthly. Rent credit - How much of the lessor's monthly payment will go to the eventual purchase price at the end of the lease.

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