1 |
INTERIM RENT (AN ADDITIONAL PARTIAL PAYMENT BILLED BEFORE REGULAR PAYMENTS START) |
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2 |
DOCUMENT FEES |
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3 |
NON-REFUNDABLE EARNEST MONEY DEPOSIT
(FIRST & LAST, OR DEFINED AS SECURITY DEPOSIT, PROCESSING FEE, OR OTHER NAMES) |
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4 |
POOR CREDIT HIGH-RISK TYPE LEASE NON-REFUNDABLE EARNEST MONEY DEPOSIT |
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5 |
EVERGREEN CLAUSE – AUTOMATIC RENEWAL OF LEASE AT END OF INITIAL TERM |
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6 |
EARLY PAY OFF FEES |
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7 |
EARLY PAYOFF OF A LEASE ASPECTS. NON-CANCELABLE BUT OFTEN LEASE CO. WILL SAY “AN EARLY PAYOFF IS OK AND NO
PENALTY ” BUT YOU SHOULD KNOW HOW PAYOFF IS CALCULATED |
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8 |
EXCESSIVELY HIGH LATE FEE |
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9 |
SHORT GRACE PERIOD BEFORE LATE FEE HITS |
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10 |
CHANGE DUE DATE FEE |
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11 |
ORIGINATION FEE |
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12 |
FILING FEE |
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13 |
TITLE SEARCH FEE |
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14 |
LEASE ASSUMPTION FEE |
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15 |
OTHER JUNK FEES SUCH AS YOUR BANK CHARGING A FEE EVERY MONTH TO SEND US AUTOMATIC LEASE PAYMENTS |
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16 |
UNDERLYING LEASE “INTEREST RATE” IS QUOTED CORRECTLY |
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17 |
SECURITY DEPOSIT UP FRONT NOT REFUNDABLE |
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18 |
FMV. FAIR MARKET VALUE LEASE OPTION WARNING ITEMS |
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19 |
LEASE SOLD TO NEW FIRM |
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20 |
YOU PAY TO SHIP BACK EQUIPMENT AT END |
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21 |
SHIPPED ITEMS SAID TO BE DEFECTIVE OR MISSING ITEMS |
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22 |
“PRE-APPROVED” LETTER IN MAIL OR BY FAX “OUT OF THE BLUE” |
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23 |
NO WRITTEN QUOTE OR THE QUOTE IS VERY LOW INITIALLY AND APPROVED AT A HIGHER RATE |
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24 |
LEGAL REVIEW FEE |
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25 |
CAPITAL REDUCTION VS. SECURITY DEPOSIT VS. ADVANCE PAYMENTS |
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26 |
INSPECTION FEES |
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27 |
APPRAISAL FEES |
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28 |
RE-BROKER FEES |
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29 |
RE-SUBMISSION FEES |
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31 |
NO RESIDUAL LETTER |
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32 |
RESIDUAL CONFUSION: IGNORE FACTOR & FACTS OF LEASE |
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33 |
END OF LEASE WARNING SMALL OR NON-EXISTANT ON FUNDING CO. OR LEASE CO. INVOICE. HOPING YOU OVERLOOK THIS |
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34 |
END OF LEASE NOTICE TO LEASE CO. NEEDS TO BE CERTIFIED, NOT REGULAR FAX OR MAIL LTR. |
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36 |
INCOME TO SUPPLIERS FROM LEASING COMPANIES |
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37 |
VENDOR, LESSEE, AND MAYBE BROKER INFLATE EQUIPMENT COST WAY ABOVE MARKET AND SHARE THE MONIES |
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38 |
RATE TOO HIGH - WAY ABOVE MARKET FOR COMMERCIAL LOANS, POSSIBLY BY 3 TIMES! |
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39 |
LENDER FUNDS GREATER THAN 10-15% OF EQUIPMENT VALUE IN POINTS TO BROKER + BROKER’S OTHER EARNINGS |
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40 |
COUNTY PROPERTY TAX RATE 2-3 TIMES HIGHER THAN ACTUAL |
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41 |
COUNTY PROPERTY TAX CHARGED ON SOFTWARE WHEN MOST MUNICIPALITIES DON’T REQUIRE |
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42 |
FILE BLANKET UCC1 ON BUSINESS WITH OUT BORROWER’S KNOWLEDGE |
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