Lease: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Link with Tenure page.) |
imported>Doug Williamson (Expand for 'identified' asset. Source: The Treasurer April 2015, p10.) |
||
| Line 1: | Line 1: | ||
A contract whereby the owner of an asset (the lessor) offers rights to use the asset to another party (the lessee) for a certain period. | A contract whereby the owner of an identified asset (the lessor) offers 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 13:27, 10 April 2015
A contract whereby the owner of an identified asset (the lessor) offers 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
- Finance lease
- Hire purchase
- Ijara
- Lessee
- Lessor
- Operating lease
- Sale and leaseback
- Tenure
