Rental lease

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Rental lease

Rental Lease

A lease whereby the lessee pays a certain amount of rent in exchange for use of a property; in exchange, the lessor agrees to provide maintenance and insurance for the property. It is also called a full-service lease.
References in periodicals archive ?
The Stable Outlook reflects Fitch's expectation for continued economic access to the capital markets through various market cycles, limited sensitivity to rising interest rates, strong liquidity, stable leverage, and earnings growth over the Outlook horizon driven by an increase in full service lease (FSL)/contract revenue and growth in the logistics business.
For example, our newer class B buildings in southwest Denver achieved full service lease rates in the $24-$27/RSF range prior to 2008; today those same rates are $19-22/RSF and are being required not only by new replacement tenants, but also to renew existing leases.
Ryder Full Service Lease is a customized transportation solution that provides businesses with commercial vehicles supported with comprehensive maintenance and a variety of complementary services, such as emergency roadside assistance, fueling, equipment evaluations and specification, fleet management reporting tools, administrative support, and driver safety programs.
Ryder in its full service lease acquires vehicles as per a customer's specifications and provides financing, maintenance and fleet support services, thereafter managing vehicle disposal to protect the customer from residual risk.
These increases were partially offset by lower full service lease fleet levels resulting from the cumulative impact of customer fleet reductions, and increased maintenance costs due to fleet aging.
It consisted of that portion of the fleet represented by tank cars, cars not under full service lease (meaning those for which the lessor would take maintenance responsibility), and self-reported hazardous materials as a percentage of shipments.
"Westchester has a range from the high teens to low 20's for a full service lease," he said.