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An equipment lease agreement is a contractual agreement where the lessor, who is the owner of the equipment, allows the lessee to use the equipment for a specified period in exchange for periodic payments. The subject of the lease may be vehicles, factory machines, or any other equipment.
Introduction. A lease refers to a contract where one party grants a right to use a property or land to another party in return for consideration and for a specific period of time. Both the parties enter into a lease agreement specifying the terms and conditions of the agreement.
Financial leasing is one of the most important medium-term financing methods, and it is defined as asset-based financing, i.e. used to finance movable and immovable assets, through the financial leasing companies purchasing the assets chosen by the lessee from suppliers, and then granting the authority to use, possess ...
A lease is a contract outlining the terms under which one party agrees to rent an asset?in this case, property?owned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.
Meaning of equipment leasing in English a system in which equipment is lent to a company for a particular period of time in return for regular payments: Equipment leasing can be successfully included in micro-finance.