Lease

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.

In return the lessee makes payments of pre-determined amounts to the lessor.

See also

• Assets
• Contract
• Finance lease
• Lessee
• Lessor
• Operating lease
• Sale and leaseback

Other links

• Leasing, Will Spinney, ACT 2010
• Students: A lesson on leases, The Treasurer, April 2013