New Standard Form Commercial Lease: Fill & Download for Free

Is it legal to be required to own a car, etc., to have gas for heating and cooking turned on?I'm trying to get gas for my new place turned on for cooking, heating, water heater and dryer, and the gas company says I have to provide my name (ok), social security number (I understand that), and license number (Why? I don't have a vehicle).In the USA, gas companies are public utilities, companies that are subject to public regulation. They do things differently, compared to cash-and-carry businesses. If you want to establish any account to buy on credit, you need to provide identification AND show some evidence that they're going to be paid.You don't need to have a car. They're asking for your driver's license number, not a car license number, because the driver's license is the most usual form of ID. As an adult in a commercial world, you need to have some proper ID. Get a driver's license or a non-driver's ID from the motor vehicle administration, if you can.If you can't provide the standard forms of ID, collect your birth certificate or passport, pay stubs and bank account documents, and your lease or property deed, and talk to the gas company. You also can help your case by showing them that you have a history of paying utility bills for gas and electricity and telephone or cable services.BTW, I'd question the reason for demanding your social security number.

A financial lease is a lease in which a leasing company (lessor), finances an item to a lessee under a contractual agreement in which the lessor grants exclusive use and possession of the leased asset for a specific period of time to the lessee. A financial lease is synonymous with a capital lease, which varies from an operational lease. Either of the former provide that the lessor does not own the equipment, such as is the case in a merchant lease. The capital or finance lease terms are such that the life of the asset is used up during the term of the lease. These leases are fully amortizing, meaning the value of the equipment is fully paid out. That is, the full value of the equipment is financed in the lease. In order to explain better, let's take an operating lease, such as a vehicle. Suppose the vehicle has a new value of $30,000. You lease it for three years for $500.00 per month, with zero down. You would pay $18,000 over the 36 month term in lease payments. Disregarding interest charges and dealers profit, you can see $12,000 dollars is left over. The remaining amount is referred to as a Residual Value. In other words the RV is the value remaining at the end of the original lease term. For explanative purposes, this is a simplified example, but the point is that the lease did not fully amortize over the term. Thus, that would not be a capital (finance) lease. A finance lease may however, have a residual value as a purchase option at the end of the lease. Even though the equipment has been full amortized (financed) and paid for, you can choose to purchase it or send it back to the lessor, renew the lease or perhaps roll or trade-up the lease for new equipment. The amount of the purchase option in a finance lease may be $1.00, a fixed percent of the initial capitalized value, or FMV (fair market value). Note that this will be specified in a clause within the terms of your lease agreement contract.Finance leases or capital leases fall under commercial finance laws and are not held to as high a standard for disclosure as consumer finance is. For example, interest rates must be disclosed in consumer finance, however in commercial finance that is not the case. The governing law that presides over commercial leasing and therefore finance leases can be found in the Uniform Commercial Code Article 2A.There have been regulation changes recently, concerning accounting for leases. On February 26, 2016, the Financial Accounting Standards Board established new guidelines. Most notably among them, is that beginning in January, 2019 all equipment leases will be capital leases. This is most important for two reasons:First, the most popular form of leasing is the capital (financial) lease, which therefore affects millions of businesses.Secondly, Capital leases require balance sheet listing of leased assets, which in turn are depreciated in order for a business to recover the costs. In contrast, the benefit of the operating lease, which will essentially be abolished, is the tax treatment of writing off lease payments as they are paid. All equipment leases will be effected by this. Thus, so too are the lessees balance sheets and ultimately income statements. The exception will be finance leases that have a period of less than 12 months. I ask, who leases a fully amortizing piece of equipment for just one year? For more information on capital finance leases go to http://lesseesadvocate.com.For information pertaining to laws of commercial leasing, Cornell Law has an excellent resource which I use regularly in my leasing blog. It's the law and its public!you can view it here https://www.law.cornell.edu/ucc/2A/article2A

Most standard-form leases contain a clause entitled “Failure To Give Possession.”This addresses a situation in which the landlord is unable to give possession due to the “holding over” of a tenant in possession.It basically requires that the new tenant must wait until the landlord is able to give possession of the leased premises in the condition required under the lease, and that the commencement date of the lease shall be adjusted accordingly at that time.Your landlord should have given you written notice that it is invoking that clause of the lease. If not, contact your landlord and consult an attorney.