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In her third Harry Potter novel, "The Prisoner of Azkaban, JK Rowling introduces a mysterious clan of spiny creatures wrapped in degree of diversion of happiness and all good thoughts of anyone in his presence. Prolonged exposure to these scabby Grim reapers, called Dementors, resulted in madness and death, joy was. In the world of equipment leasing, instead of affairs, the Dementors are lessors who lose confidence in defaulting tenants. If your companyFaces imminent payment default, there are several actions you can take to improve your chances of navigating this unfortunate situation.

As in most situations that spiral out of control, effective communication between tenants and owners is very important. At the beginning of the lease period, will primarily interested in obtaining flexible, cost effective equipment financing. The objective of the Landlord is first of all is of an economical operation rent. Once the payment isimminent change of the main concerns of both parties. You now have more measures to ensure the survival of focus, while the lessor seeks protection and recovery of investment leasing. That said, it is very important that you realize the landlord? S concerns, if you have a recovery plan and in communication with the owner.

In a first step, you should tell your landlord if a default in payment seems inevitable. Nobody wants to be attacked by an unexplained delinquency as the firstSigns of a problem. Most landlords openly openness appreciate your attention. Be prepared to give an explanation for the cause of the problem of payment, to correct a detailed report on the financial situation of the company and the plan for your situation. If you are able to generate financial forecasts, which will prove useful in convincing the owner of it, in order to execute the recovery plan.

Try to come into compliance with all other terms and conditions remain the lease. MostMaster of your own home care in compliance with the rules appreciate the lease of others, especially those who regularly financial information. Regular updates give the owner the confidence that we cooperate and work with him.

If appropriate, a proposal to reduce rent in quantity and for a period that will give you the chance to recover. Remember, the lessor is primarily interested in how the lease will be repaid and how he realized the benefits of the transaction negotiatedBeginning of the lease. Secondly, he is worried about his safety position. Now that the problem has emerged, will want to protect against a loss on the transaction, if your company is not whether the equipment or the withdrawal is necessary. Discount cash flow projections to show how your company will recover, and if you are able to resume full rents.

If possible, be willing to move to improve credit quality and an increase in the rent-offer for the landlord to do so, placeThem. Credit enhancements will make the owner feel more confident that will recover its investment. They offer additional guarantees, a guarantee, a pledge of shares or other securities to improve the quality of credit. To compensate the lessor for the added risk of default the offer of settlement of an adjustment of interest rates. An adjustment of interest rates could, by extending the duration of the lease, the rent will increase after the resumption of payments or the issuance of warrants for the purchase made in Stockcompany.

If you are unable to determine the probable duration of default, you should consider a relatively short period of lower payments required until you can improve the situation. Be prepared to negotiate the length of the period, reduced the amount of payments and improve credit quality.

If the default value seems hopelessly incurable, drive in many ways. They can: 1) return the equipment to the lessor, and to find the balance of rent over a prolonged period, 2) provide aTo see sub-letting the procedures appropriate for the equipment, or 3) if the owner of the unit and reduced the payments calculated on a month to month or until the owner can reactivate the device market. If all else fails to develop an acceptable solution with the owner, may be time for you to hire a lawyer.

If you can find a mutually acceptable solution, that some owners require patience, a formal agreement on the newUnderstanding. These agreements may take the form of an informal letter of understanding or an agreement of extensive legal. The form of agreement may be the size of the transaction by and preference of the landlord. Most landlords expect to be remedied by a single forbearing indulgence one time fee, penalty rental payments or not. Addition, the owner is waiting for any legal fees to an order of preservation of the document to be reimbursed.

Most owners don? T wantlawsuit or claim to cause customers to prevent the restoration of their investment leasing. This attitude is against the prospect of achieving a greater loss by the final score is weighted to hold the device. It is generally cheaper for the owners to work with customers if the situation seems to be saved. The alternative is less desirable than a lengthy and expensive to go to court for the lease and try to avoid picking up equipment.Many large lessors have in house people who specialize in operations management of work-out. These specialists usually have had experience with many lessee payment defaults. Its mandate is the quickest recapture of the lease investment possible, to go ahead with investment protection.

If at any time that the owner intends to take legal action against the company and not try to achieve a mutually acceptable solution, you get an attorneyinvolved. The lawyer may have legal alternatives before and may be able to help negotiate with the owner.

If your company a fortune turn for the worse and you need to change the payment terms with your leasing companies and other lenders, do not panic. This is the time to redouble our efforts and to develop plans to remedy the situation. Early aggressive acts by developing solutions to pay high dividends. All efforts to create andpropose plans mutually acceptable to all parties. But always ready to help themselves or legally sickles Dementors appear at your door.

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