by Mary | Jan 28, 2010 | Blog, Business, Computers and IT, Financing, LeaseSpeak Dictionary, Leasing, Negotiation, Printing and Graphic Arts, Request for Proposal (RFP)
A Personal Guarantee is a written guarantee given by the business owner guaranteeing payment performance on a lease in the event the company defaults on the lease. Personal guarantees are applicable in closely held corporations, partnerships and proprietorships....
by Mary | Jan 20, 2010 | Blog, Business, Computers and IT, Financing, LeaseSpeak Dictionary, Leasing, Negotiation, Printing and Graphic Arts
Automatic Renewal is an end of lease option that automatically renews a lease for a few or for many months. If you fail to give written notice to the leasing company during the approved Notification Period, the lease renews at the same payment as during the original...
by Mary | Jan 12, 2010 | Blog, Business, Computers and IT, Financing, LeaseSpeak Dictionary, Leasing, Negotiation, Printing and Graphic Arts
This week’s blog continues with Part 3 of the required notices for your leases – the end of the lease. At the end of an equipment lease you usually have three options: Purchase all equipment. Renew the lease on all equipment. Return all equipment. The standard...
by Mary | Jan 5, 2010 | Blog, Computers and IT, Financing, LeaseSpeak Dictionary, Leasing, Negotiation, Printing and Graphic Arts
A Late Payment Fee is due when you don’t pay the leasing company on the due date. Fees typically range between 5%-15% of your regular payment. In addition, some leasing companies add an extra interest rate fee for late payments. The most common interest charge is...
by Mary | Jan 4, 2010 | Blog, Business, Computers and IT, Financing, Leasing, Negotiation, Printing and Graphic Arts
Recently, a well-known printing industry consultant, Larry Hunt, and I were discussing why leasing companies that cater to printers are increasing their lease rates for the first time in many years. I thought it would be helpful for Larry and other business owners,...
by Mary | Dec 22, 2009 | Blog, Business, Computers and IT, Financing, LeaseSpeak Dictionary, Leasing, Negotiation, Printing and Graphic Arts
This week’s blog continues leasing definitions regarding required notices for your leases. Certain occurrences during the life of the lease require that you notify the leasing company. A missed notice usually means your total lease cost increases or worse, you find...
