Open-end lease

Open-end lease

A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.
Mentioned in ?
References in periodicals archive ?
Hines says many business owners get caught off guard thinking they've signed a close-end lease when in fact, it's an open-end lease.
Auto leases available to consumers fail into two categories - open-end operating leases and closed-end operating leases.(1) Under an open-end lease, the lessee (i.e., the consumer) assumes risk regarding the market value of the leased auto at lease expiration.
An open-end lease usually is slightly less costly than the closed-end lease.
The winery itself and land adjacent are on an open-end lease. Fred Franzia told Wines & Vines it has not been determined whether the winery will be kept open or the production switched to another premises.
The open-end lease does not guarantee an end-of-lease value, which means that monthly payments are lower.
In an open-end lease, payments are based on a vehicle's estimated end value.
n open-end lease. A lease that provides, at expiration, the opportunity for the lessee to purchase the car or to extend the lease term.
In contrast to the open-end lease, most retail lease contracts represent closed-end operating leases.
Concentration Risk - Minimal Residual Risk: 2018-3 currently comprises almost entirely open-end leases whereby lessees bear residual risk.
Minimal Residual Risk: 2018-2 currently comprises almost entirely open-end leases whereby lessees bear residual risk.