Conversion of leased property is a similar concept as conversion of a motor vehicle. They are similar in that they can deal with the failure to return property at the appointed time. To learn more about this crime and what to do if charged with it, read on.
Conversion of Leased Property
The conversion of leased property can occur when:
- A person fails to return rented or leased property at a time and place appointed. The agreement happens in a written and signed agreement. If the lender sends a written demand for the return of the property, the person renting/leasing the property must return it within 192 hours. If they don’t, they commit conversion of leased property.
- A person in possession of personal property received by written lease, intends to defraud, sell, convey, conceal or aids in concealing that property, is presumed to have done so with the intention of converting such property to his own use.
- A person who uses a false or fictitious name or address in obtaining leased personal property obtained such property with the intent of converting the same to their own use or that of a third person according to the police.
If the court can prove that your situation fits the definition of this crime, you face conviction. Conviction carries many serious penalties, such as fines and jail time. In order to avoid these issues, it is important to get help as soon as possible.
If you face charges for this crime, it is a good idea to contact a criminal defense lawyer for guidance. A lawyer can walk you through the court process, they can defend your case, and they can ask for leniency in sentencing if you do face conviction. If you would like to speak with an attorney about your case, you can contact our office. We can help you fight the charges and build your defense.