leasing

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Related to Lease contract: Lease Agreement

Lease

An agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee. The property covered in a lease is usually real estate or equipment such as an automobile or machinery. There are two main kinds of leases. A capital lease is long-term and ownership of the asset transfers to the lessee at the end of the lease. An operating lease, on the other hand, is short-term and the lessor retains all rights of ownership at all times.

leasing

the hiring out by one firm (the lessor) of an ASSET such as a factory building, piece of machinery or vehicle to another firm (the lessee) in return for the payment of an agreed rental. The lessor retains the ownership of the asset concerned and will repossess the asset on the expiry of the contract, or beforehand should the client require a replacement. A leasing arrangement can be useful to a client company in so far as it enables it to employ assets without having to tie up large amounts of capital for long periods of time. See LEASE, LEASEBACK, OFF-BALANCE SHEET FINANCING, FINANCE HOUSE.

leasing

the purchase of an ASSET (mostly buildings, machinery and vehicles) by a leasing company which retains the ownership of the assets and which then hires out the item for use by clients who pay an agreed RENT. Leasing is a useful source of INVESTMENT insofar as it enables individuals or companies to use assets without having to tie up large amounts of capital. See LEASE, OFF-BALANCE SHEET FINANCING.
References in periodicals archive ?
He said the tripartite lease contract is a long-term lease for a period of 50 years and renewable for another 25 years, in a fixed amount of P1,000 only and was signed on January 23, 1996.
Renewal of lease contract of building of the General Diwan of the Public Authority for Consumer Protection at RO435,794.
Brokers with POAs, however, said they now have to send the unified lease contract via courier to owners who cannot come to Dubai to sign new POAs, creating a backlog.
The casino regulator said it would seek a legal opinion from the Office of the Solicitor General on the lease contract.
As a consequence of this growth, Kronfagel has signed this long term lease contract of an industrial facility in Karpalund and is evaluating the investment.
He said the circle of users who can benefit from the service has been expanded to enable citizens, residents and Gulf Cooperation Council (GCC) States' citizens, companies and governmental entities to use the service which allows landlords/lessors and leaseholders/lessees to process the registration of lease contracts by entering their contractual particulars and also make payment of the registration fees online for residential and commercial purposes.
Deputy Director National Institute of Folk and Traditional cell had written the official letters to the owners of shop No 9 and 2 from February 9, 2010 to September 30, 2011 in regard to inform that their lease contracts have been ended now but their occupation has not.
Several parties are involved in the lease contract, namely:
Rio Tinto PLC (LSE: RIO), a company involved in finding, mining and processing the earth's mineral resources, is awaiting approval for a forty-year lease contract on its Gove bauxite and alumina mine in the Northern Territory, the ABC has reported.
Steve Collins, Support Services Manager at British Airways said: "We awarded this contract to Skycooler based on the cost savings offered by the fixed lease contract price hut also the higher technical specification, which includes built-in downloadable temperature data logging.
It further safeguards the tenant through Article 6 (bis), which prevents the landlord from serving an eviction notice for four years from the date of the beginning of a residential lease contract and seven years in case of commercial contracts.