This Lease is meant to be used by one individual dealing with another individual rather than a dealership situation. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
Joint Lease Vs Individual Lease In Oakland
Category:
State:
Multi-State
County:
Oakland
Control #:
US-00400BG
Format:
Word;
Rich Text
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Description
An "Automobile Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by a leasing company or bank ("financier") . It is usually prepared or provided by the automobile dealership. This type of Automobile Lease is one the methods by which an automobile may be financed. It allows the customer to drive an automobile by making monthly payments to the financier. The payments serve to compensate the financier for the depreciation in value of the automobile during the time it is being driven. The financier will also assess a monthly finance charge that is similar to interest on a loan. This compensates the financier for the use of their money that is tied up in the purchase of the automobile from a dealer. The financier or car dealership actually owns the automobile. The automobile is leased for a specific period of time and is typically returned to the car dealership at the end of that time.
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Under individual lease programs you are assigned roommates, which gives you no control over who you live with. A joint lease will nearly always serve you well.Conduct a joint walk-through of the unit with your landlord, using the checklist as a guide. Customer: I live in Oakland, CA, I am the master tenant. I sublet a room and have a sublease. Some of our most Frequently Asked Questions are answered below. If your lease says that you need the approval of your landlord in writing or that the prospective tenant must fill out an application, you should comply. If both tenant and landlord have lost the apartment lease (Oakland, CA), does the landlord's lease with other tenants in the building prevail? However, individual leases can be more expensive than joint leases, since you'll be responsible for the entire rent payment. If your lease says that you need the approval of your landlord in writing or that the prospective tenant must fill out an application, you should comply.