Lease: Difference between revisions
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imported>Doug Williamson (Link with Licence page.) |
imported>Doug Williamson (Remove surplus wording.) |
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A contract | A contract for the owner of an asset (the lessor) to offer rights to use the asset to another party (the lessee) for a certain period. | ||
In return the lessee makes payments of pre-determined amounts to the lessor. | In return, the lessee makes payments of pre-determined amounts to the lessor. | ||
Revision as of 06:52, 15 October 2017
A contract for the owner of an asset (the lessor) to offer rights to use the asset to another party (the lessee) for a certain period.
In return, the lessee makes payments of pre-determined amounts to the lessor.
See also
- Assets
- Contract
- Contract hire
- Contract purchase
- Dry
- Finance lease
- FLA
- Freehold
- Hire purchase
- Ijara
- Leasehold
- Lessee
- Lessor
- Licence
- Operating lease
- Sale and leaseback
- Tenant
- Tenure
- Wet
Other links
- With lease accounting exam questions, the hard marks tend to be scored while easier marks are often missed.
- This article explains how to pick up points painlessly.
