Lease - What you should know.

A lease can be a burdensome obligation in tough economic times. If you are struggling under a once affordable, but now costly lease, we can help you.

A lease is a binding legal agreement conferring a right to a lessee or tenant, which can be a person or an entity, to soley hold, possess or control personal property, equipment or real estate owned by another person or entity called a landlord or lessor. The lease, also called a rental agreement, is the documentation of the tenancy. The rental agreement is the term more often used for shorter terms and lease is the term more often associated with longer durations. A lease is for a fixed period of time but may be terminated sooner or extended.

If you are in a lease you have rights and obligations. You have the right to the quiet enjoyment and use of the leased property, but the obligation to make timely payments. When timely payments are not made you lose rights and more.

Whether you are in a simple lease or in multiple leases, FMC can help you. FMC is will evaluate your lease or leases, research the market and make the case for a renegotiation of your lease or leases.

Leasing serves a purpose and is necessary. Leasing can however become burdensome when the economy takes a serious downturn and business volumes no longer support or justify the cost of the lease and it no longer is a fair exchange. For leasing to be a fair and lasting exchange it needs to be a win/win for both lessee and lessor. FMC provides you with the information necessary for a successful renegotiation or buyout of your lease and can represent you in the negotiations.

If you are a landlord or commercial property owner who is finding it increasingly burdensome to meet your commercial mortgage payment a commercial loan modification may be right for you. FMC also provides commercial loan modification services for commercial property owners.

Request your free initial consultation today. Call 800-279-5122 or request online.