Lease
From ACT Wiki
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
