References in periodicals archive ?
Generally, if a lease comes under section 467, the lessor and the lessee must account for the rental income and deductions in accordance with the lease terms.
The guaranty specified that it was "an absolute and unconditional Guaranty of payment and performance." Importantly, it also provided that if Bentley was not "in monetary default under the Lease at any time" (emphasis supplied) during the first three years of the lease, then the guaranty would terminate.
Additionally, this materiality cutoff would cause less than 15 percent of the current volume of reported minimum lease payments under operating leases to avoid capitalization.
In a demolition, if the owner will build the new structure for its own use, Peerless would dictate that the lease termination fee is deductible over the cancelled lease's remaining life, and not added to the new building's basis.
An abatement clause is a section of most lease agreements dealing with damage to the portion of the building that may not be occupied by the tenant.
(Make sure you negotiate the cost of switching in the lease agreement ahead of time.) Costs you may not see coming could include document Des due upon signing (from $50 to $350 of more, according to the Small Business Administration; www.sha.gov), UCC-1 Fees (small lees required by the secretary of state in most states), state sales taxes (if applicable), and insurance.
The outstanding lease portforio of all these leasing companies is Rs.24 billion or two third of the total outstanding lease portfolio of all the 29 leasing companies combined.
* Summary Lease Report - This report lists the number of all leases by country.
RENTAL AND OTHER PAYMENTS: A lease also will contain a provision that describes the rental and other payments you're required to pay the lessor during the term of the lease.
In general, leases and purchases of tangible personal property to Indians, Indian bands, and band-empowered entities may be made free of GST/HST if certain conditions are met.
The tenant recognizes income as a result of the reduced rent to be paid and improves cash flow by paying a lower or no rent at the start of the lease period.
After the original lease term expires, the foundry's obligations are completed.