Change Company Lease For Free

A lease swap is the transfer of a lease from one person to another. After the swap is complete, the new lessee becomes fully responsible for the lease, as long as the transaction meets all of the lessor's requirements.

Sellers should show you their lease contracts so you know what you're facing. Either way, you'll be dealing with the leasing company once you agree to take over as lessee, and the transfer process could take anywhere from three days to three weeks, said Swapalease's Hall.

Allow six to eight weeks for a 'standard' lease transaction from receiving the heads of terms from the agents to actually signing. For very short leases it can be as little as a few days or a couple of weeks but expect to have much less flexibility about what goes into the documents.

Is Swapalease Legit? Yes, Swapalease is a legitimate company. It has been an Accredited Business with the Better Business Bureau since 2001. The business began in 1997.

Can a landlord change the lease after it is signed? No. Landlords cannot make changes to the lease after either party signs it. If the tenant agrees to add in some changes, both parties will need to sign the agreement again to ensure it is legally valid.

Your lease assumption is absolutely negotiable, but you need to understand what is and is not negotiable. Negotiating with the Seller is easy to do and can be done through e-mail if you are uncomfortable negotiating over the phone or in person.

Another way to transfer your lease is to simply ask a family member or a trusted friend to take over the monthly payments. Make sure auto insurance still covers the vehicle, and have a clear understanding of who will pay for any excess wear and tear at the end of the lease.