Hotel Ground Lease Agreement

As with any deal that sounds too good to be true, always read the fine print on your contract. Pay particular attention to leasing information, wear and tear costs, mileage limitations and rental duration. You should also look for add-ons such as premium maintenance packages, broken interior equipment, additional insurance policies, or expensive alarm systems that might not be worth the cost. The duration of the lease can also have a big influence on whether or not it is a good deal. Most leasing contracts last between two and four years, with longer leasing contracts generally having lower monthly payments. This can be a blessing if you are willing to invest the extra maintenance costs in the vehicle.

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