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What are the consequences of NOT renewing or extending a current apartment rental lease agreement?
This will totally depend on the agreement you made. But in many cases it should not lead to a problem, as long as you respect the notice period of time before terminating the contract.Since the contract you signed with the landlord, might have a penalty applicable. Here is an example Lease Agreement, and the problem you rise is arranged in the following articles:Lease term: respect the termDamage DepositCondition of PremisesLessee's hold over If Lessee remains in possession of the Premises with the consent of Lessor after the natural expiration of this Agreement, a new tenancy from month-to-month shall be created between Lessor and Lessee which shall be subject to all of the terms and conditions hereof except that rent shall then be due and owing at _1000 DOLLARS ($1000 ) per month and except that such tenancy shall be terminable upon fifteen (15) days written notice served by either party.Surrender of PremisesMake sure the following condition is not applicable: Quiet Enjoyment. As you can see, especially check ‘Quiet enjoyment’. This example Lease Agreement For Real Estate is mentioning the following: Lessee, upon payment of all of the sums referred to herein as being payable by Lessee and Lessee's performance of all Lessee's agreements contained herein and Lessee's observance of all rules and regulations, shall and may peacefully and quietly have, hold and enjoy said Premises for the term hereof.
As the company, how do I correctly fill out a Stock Power as part of a stock purchase agreement?
The Stock Power in question evidently is an exhibit to a Stock Purchase Agreement by which the OP is purchasing restricted stock that is subject to forfeiture or repurchase by the company, entirely or in part, probably based on how long the OP continues to work with the company.Yes, just signing is the proper thing to do (from the company’s perspective) because at this time it is not known whether, or to what extent, the OP’s shares will be subject to forfeiture or repurchase.So, if and when the time for forfeiture or repurchase arrives, the company will fill in the rest of the Stock Power to transfer the forfeited or repurchased shares to the company - you will keep the shares that have vested as of that time.For the OP’s comparison, and for the benefit of Quorans who are not familiar with such Stock Powers, here is the text of the instructions that I put at the bottom of a Stock Power:(Instruction: Please do not fill in any blanks other than signing at the signature line. The purpose of this Stock Power is to enable the Company to exercise its right to reacquire Restricted Shares in the circumstances provided in the Restricted Stock Agreement without requiring an additional signature by the Grantee.)
If you could change one aspect of the car-buying process, what would it be and why (excluding the "having to pay" part)?
First, let me point out that there's an inherent problem with asking this question on Quora: The vast majority of people who answer questions here are educated, well-off, analytical, and generally successful. Thus, their answers aren't really representative of the general public.For example, I'd guess that Dan Pepper, Leonid S. Knyshov, and Miguel Valdespino all have excellent credit (and I mean that statement as a compliment). If these individuals had poor credit, they might not view the finance manager with such disdain. In my years in finance, for instance, I helped dozens of people get car loans despite serious financial problems caused by illness, family problems (divorce can kill credit ratings), dead-beat parents, etc.Granted, I'm not saying that finance managers are God's gift to the car buying public (they're not - they're often quite annoying). I freely admit that many of the products sold by F&I managers are overpriced, and that people in this role often resort to sales tactics that many bristle at.Still, it's not really accurate to say that F&I managers have to go. For a lot of people with less than perfect credit, a finance manager is a personal banking advocate.With that defense of F&I managers, I'll roll on to my answer.The one aspect I would change? I would get rid of unknown price mark-up.Every car buyer's biggest fear is getting taken - paying $1,000 too much. As a result, consumers universally distrust dealership salespeople. This leads to chaos and nonsense.Chaos in the sense that everyone in the building is working against one another:Consumers aren't willing to listen to advice or suggestions from people they perceive to be liars. If a dealership pro gives a consumer a genuinely good piece of advice like "hey, don't buy the V6 - the V8 gets the same damn mileage but has higher resale" (or whatever), consumers are just as likely to ignore that advice as accept it. Even to their detriment.Consumers often lie to salespeople to try and manipulate them into giving a better price..."I can get this same car for $500 less at dealer X" or "Dealer Y offered me $1,000 more for my trade." These are bald-faced lies, and they only serve to facilitate bad actors.Salespeople have learned from experience that consumers can and will lie to their face. Thus, salespeople come to justify bad actions...they'll mislead a consumer on the phone, tricking them to come in for a deal that doesn't exist. They'll lie about what a car can or can't do, and justify that action by telling themselves that "The customers are lying to me every day."Many sales managers are strong with the "dark side" of the sales process. Instead of being adept at building relationships and finding win-win scenarios, they're adept at manipulating inexperienced consumers. Since there's a general atmosphere of mistrust in a dealership anyways, these "dark side" experts are celebrated when they should be admonished (and fired).and nonsense like:stupid sales gimmicks (the old "push, pull, or drag your trade-in" gimmick, the "buy one car get one free" gimmick, etc)confusing and misleading rebates (you only qualify for this rebate if you're a veteran, this one if you're student, and this one if your last name starts with a "Q")intentionally obscure jargon and documentation (seriously, why are lease agreements so complicated? what's with all the fine print on your standard buyer's order)We can get rid of all of these things by Mandating that dealers tell consumers exactly what they own their cars for. Every buyer is told precisely what a dealer owns a car for (to the penny), and then a mark-up percentage is added. This mark-up should be the same for every new or used car on the lot - no more, no less.This mark-up should be the same for every day of the current month.My plan would cure all the concerns regulators have about dealers taking advantage of the poor or disenfranchised. It would also eliminate the most adversarial aspect of the transaction process, take away any incentive to lie or manipulate consumers, and facilitate trust. It would force dealers to focus on making the sales process enjoyable and educational rather than painful and daunting.If dealers weren't selling enough cars, they could lower their mark-up percentage at the start of the next month. If they didn't have a lot of inventory, the could raise their percentage.If consumers didn't like the price, they could shop elsewhere or wait for a better deal...but they couldn't ask for a discount, because the rules prevent discounting for individuals. Everyone gets the same deal every month.Will this happen? Probably not. Scion's "pure pricing" concept is very close to what I've described, but it's not popular with dealers (it's hard to make a lot of money in this scenario), and consumers don't trust it much anyways...even when a brand emphasizes that they're one price and dedicated to fairness, many consumers argue for a better deal. I also know that Toyota has considered moving all their dealers to a system like Scion's "pure pricing" system, but again it's just not very popular. Dealers see this sort of pricing system as a threat to their margins, and would likely revolt.Still, it would cure the automotive retail industry IMHO. Consumers could relax, dealers could focus on developing good and ethical sales staff, and everyone would get a fair deal regardless of race, education, or finances....a guy can dream. :)
Is it possible to get out of a Residential Lease that I signed 4 months ago for a one year agreement?
I am a landlord and also a licensed broker. Aside from simply trying to negotiate with the landlord to break your lease early, there's nothing you can legally do to break it and not be on the hook for the remainder of the lease term. HOWEVER, if you abandon the premises, the landlord has a legal obligation to make his/her "best effort" to re-rent the property out. If the landlord finds a new tenant, then you are off the hook from that point on. Any months during the lease where rent was not paid and the landlord didn't have a new tenant in place, you'll be on the hook for. If you choose not to pay those amounts, the landlord can pursue civil action against you to recover them.Whether your landlord will actually follow the law and make a reasonable effort to re-rent the property out really is determined by whether you were paying above/below market rate for the place, and/or how easy it will be for the landlord to come after you to recover that money.The one thing the landlord can not legally do is collect double rents (i.e from you and a new tenant).
Is there any way to get out of a rental lease agreement due to loss of job and financial trouble?
Is there any way to get out of a rental lease agreement due to loss of job and financial trouble?No and yes.No: Not unless you lease allows for it. If your lease said something like this: “Tenants shall have the ability to cancel this lease on 30 days• notice in the event of provable job loss or financial difficulties,” then it’d be OK because it’s in your lease.But it’s not.You’re bound by the terms and conditions of your lease.However, the “yes” part of the answer is: Talk to your landlord. Explain the situation. While landlords don’t like tenants who try to rip them off, many landlords are sympathetic to real-world situations. And, just as important, if a landlord realizes that it’ll be impossible to collect rent from a tenant, the landlord would rather remove the old non-paying tenant and find a new one with the ability as well as the willingness to pay. It makes economic sense to do so. Depending on what state you’re in, it could take months or even a year or more for the landlord to evict you. No landlord wants a non-revenue producing unit for a year or more.There’s no guarantee it’ll work, but propose to the landlord that you’ll be out of there in 30 days. You and the landlord can negotiate about the fate of the security deposit.
How can I break my Pennsylvania home lease agreement without penalty? I got a new job in another state and have to move out immediately.
I’m going to make the assumption that you have read your lease agreement and that it states clearly that there is a penalty for breaking it. So, rather than hiring a lawyer in Pennsylvania who might be able to help you for a fee, you get on Quora in the hopes that some schmuck with some knowledge of Pennsylvania real estate law will help you out for nothing. How am I doing so far?
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