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According to the Landlord Tenant Guidebook, “Most rental agreements require that rent be paid at the beginning of each rental period.” In a month-to-month tenancy, rent is typically due on the ...
Minimum lease payments are rental payments over the lease term including the amount of any bargain purchase option, premium, and any guaranteed residual value and excluding any rental relating to costs to be met by the lessor and any contingent rentals. Leased asset is depreciated in books of lessee over its useful life if lessee intends to ...
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