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 majority of leases in the portfolio are full-service leases. The Issuer will be responsible for covering maintenance costs for the railcars in the portfolio that are under full-service lease contracts.
the existing full-service leases expire for the 4 production printer systems and must now be completed.
Penske reported operating revenue growth yoy of 7.9% in 1H17, reflecting continued expansion of full-service leases from existing and new customers, contract maintenance, and logistics segments.
"Bundled full-service leases, including vehicles, rail cars, real estate, and computers, will now need to be bifurcated," said Bill Bosco, CPA (inactive), principal of leasing consulting company Leasing 101 and a member of the FASB/IASB Lease Project Working Group, sponsored by and representing the Equipment Leasing and Finance Association.
Executives at companies where less than half the real estate portfolio consists of full-service leases were much more likely to anticipate major or significant impacts to the balance sheet, disclosures, financial ratios, and the income statement.
Some of the leases are full-service leases where Railco provides maintenance and other services.
Full-service leases provide the customer with a dedicated team that specialize in working with contractors and resellers.
Truck leasing, whether finance leases or full-service leases (such as Ryder or Penske) is a huge industry.
Whether a landlord builds the energy costs into rental rates through full-service leases or uses technology to allocate exact energy costs to specific tenants through triple net leases, the leases should include provisions identifying the landlords plans for energy procurement.
The portfolio is currently 99.7% utilized, with the majority of leases on full-service leases. The Issuer will be responsible for covering maintenance costs for the railcars in the portfolio that are under full-service lease contracts.
After consulting again with TCI, the company opted to put the new vehicles on a full-service lease from Edart.