Full-service lease

Full-service lease

Also called rental lease. Arrangement in which lessor promises to maintain and insure the equipment leased.

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.
Mentioned in ?
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.
against the background of the expiry date of the current full-service lease, Big is directly reissuing the leasing of a total of up to 13 brand new vehicles for 36 months as a full-service lease with an annual mileage of between 30,000 and 60,000 km.
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, appropriate leverage, and continued earnings growth over the outlook horizon, driven by growth in full-service lease and contract maintenance revenue, as well as increased penetration in the supply chain outsourcing business.
This program will enable Samsung to provide customers with full-service lease solutions for its B2B display products, including but not limited to the revolutionary Samsung Onyx, industry leading SMART Signage solutions, hospitality displays and business monitors.
"The trend has been to do a full-service lease, where all the service, maintenance and repairs are on our lap and companies don't want to own them," Margarone said.
signed Winton Capital Management to a 10-year, full-service lease for 34,844 square feet at 315 Park Avenue South in Manhattan.
The purchase of the Bedfordshire-based company also provides for the addition of some 1,400 vehicles, including medium and heavy duty trucks and trailers, as well as 560 full-service lease and over 800 contract maintenance vehicles.
"The full-service lease option is very standardized and simple to understand," he says.
Consider the situation where leased goods are made available outside Canada, the lessor is a non-resident, non-GST-registered person, and the lease is a full-service lease (i.e., both goods and maintenance of those goods are provided under the lease).
It is possible, at the time of leasing, to make arrangements for a maintenance program, but the full-service lease option is difficult to price up because it must be individually calculated, based on application and hours of usage.
Because so many expense reimbursement provisions are typically included in a lease, Strauss recommends landlords and managers use an experienced auditor to review the calculations for each and every expense provision, especially those relating to operating expenses passed to tenants for a triple net lease, or operating expense increases for a full-service lease (specifically, the proper calculation of "base year" expenses).