Lease: Difference between revisions
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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. | ||
For example, if we lease a vehicle for a monthly payment we are entitled to '''use''' it. | |||
But we are not the '''owner''' of the vehicle. | |||
| Line 16: | Line 21: | ||
* [[Hire purchase]] | * [[Hire purchase]] | ||
* [[Ijara]] | * [[Ijara]] | ||
* [[Landlord]] | |||
* [[Leasehold]] | * [[Leasehold]] | ||
* [[Lessee]] | * [[Lessee]] | ||
| Line 21: | Line 27: | ||
* [[Licence]] | * [[Licence]] | ||
* [[Operating lease]] | * [[Operating lease]] | ||
*[[Real estate]] | |||
* [[Sale and leaseback]] | * [[Sale and leaseback]] | ||
* [[Tenancy]] | |||
* [[Tenant]] | * [[Tenant]] | ||
* [[Tenure]] | * [[Tenure]] | ||
Latest revision as of 10:32, 16 July 2022
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.
For example, if we lease a vehicle for a monthly payment we are entitled to use it.
But we are not the owner of the vehicle.
