LEASE AGREEMENT This lease agreement‚ is made on the day of December 21st‚ 2012. Alectra Ltd. Company‚ incorporated under the relavant law of Bangladesh‚ having its registered office at house no. 96/1‚ Road no.15‚ Gulshan‚ Dhaka. (hereinafter referred to as “lessor”) Muktadir Khan‚ son of Faysal Khan‚ having his permanent address at house no. 46/2‚ Alauddin Road‚ North Badda‚ Dhaka. (hereinafter referred to as ‘leasee”) WHEREAS‚ the leasee is a company‚ carrying a business of electronic goods
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Korean tenants because of lack on transparency of the lessee and details on rental agreement. This had caused ethical issues on the landlord-accountability and responsibility‚ townhouse administrator-responsibility and privacy and Korean tenants-transparency and honesty. Facts: A residential townhouse unit in an exclusive subdivision was leased to Mr. Park for a year. The lease agreement includes a provision that the tenant/s must comply with the Townhouse Rules and Regulation. It includes that
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Case 9-4 Trueblood Case 09-4 Solution Case 9-4 How should NeedsSpace account for the two obligations noted as provisions in the lease agreement? ● Provision 1: “Lessor may require the lessee to perform general repairs and maintenance on the leased premises.” By entering the lease agreement‚ NeedsSpace (the lessee) becomes legally and contractually responsible for performing general repair and maintenance on the leased premises. Assuming that the lessee is required to make deposits to financially
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compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co. (Goliath) for a 10-year noncancelable term. The lease agreement is signed on December 15‚ 2010‚ and Big Bear’s right to use the turbine begins on January 1‚ 2011. Various provisions and other facts from the lease are listed below. Provision 1 Big Bear pays Stipe‚ Berry‚ Mills and Buck LLP‚ its external legal counsel‚ $500‚000 in connection with negotiating the lease agreement. Big Bear is also required to pay
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Lease vs. Buy 1. Introduction: In today’s world‚ customers often face a dilemma about whether to buy or lease. Lease is an agreement in which one party gains a long term rental agreement‚ and the other party receives a form of secured long term debt. On the other hand‚ buying involves transfer of ownership from seller to buyer. Buying or leasing decision depends mostly on customer’s preference. There are many factors to consider before taking a buying or leasing decision. 2. Factors Influencing
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2008. (d) Prepare the journal entry to record pension expense and the contributions for 2008. 25 points 3. Lessor accounting—sales-type lease. Piper Corp. is a manufacturer of truck trailers. On January 1‚ 2008‚ Piper Corp. leases ten trailers to Runyan Company under a six-year noncancelable lease agreement. The following information about the lease and the trailers is provided: 1. Equal annual payments that are due on December
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Abstract This paper deals with a proposal that was submitted approximately a year ago to address Prudential New Jersey ’s Martinsville office growing need of technology standardization. The proposal‚ which was accepted then implemented by two friends and me as a "moonlight" job‚ was to fully automate their agents ’ data and communication processes through the use of computer equipment and peripherals. In doing so‚ we hoped to alleviate the agents ’ dependence on physically being in the office
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offices from WeHaveIt. According to ASC 840‚ NeedsSpace has entered into an operating lease with a lease term of 10 years as defined by the Glossary in ASC 840 (paragraph 5(f) of Statement 13). The lease will be terminated at the end of the 10 year term and NeedsSpace will not be given the option to renew. The lease agreement specifies that the lessee may have to perform certain tasks at the cost of the lessee when the lease term concludes. The 1st provision being that the lessee NeedsSpace may have to
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compliance with all its debt covenants. Big Bear leases a combustion turbine from Goliath Co for a 10-year non-cancelable term. The lease agreement is signed on December 15‚ 2004 and Big Bear’s right to use the turbine begins on January 1‚ 2005. Various provisions and other facts from the lease are listed below. Provision 1 Big Bear pays Stipe‚ Berry‚ Mills and Buck LLP‚ its external legal counsel‚ $500K in connection with negotiating the lease agreement. Big Bear is also required to pay $1 million
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No attempt is made either to exhaustively deal with the subject or to intensively probe into each doctrine. Wherever it is found essential‚ a comparative picture is drawn comparing the Indian Law with the English. Some topics especially on Gifts‚ Leases & Exchange. are too simple and easy to understand. Though the preliminary aspects relating to transfer‚ sale & Mortgage‚ are simple the various doctrines in their ramification present themselves to be formidable. A careful study should be made to
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