Legal Question in Civil Litigation in Florida
leased equipment
If a person leases equipment, and then sells the equipment but stays current with the lease and then ''buys the equipment'' at the lease's end - is this legal?
Asked on 12/09/07, 11:18 pm
2 Answers from Attorneys
Johm Smith
tom's
Re: leased equipment
I don't see how you can sell what you don't own. But if this was a lease to own lease then look to the language of the contract to see if selling the property before the end of the lease is prohibited.
Answered on 12/10/07, 3:06 pm
Alan Wagner
Wagner, McLaughlin & Whittemore P.A.
Re: leased equipment
sure -- no problem, unless prohibited by the original lease agreement.
Answered on 12/09/07, 11:30 pm
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