Full-service lease

Full-service lease

Also called rental lease. Arrangement in which lessor promises to maintain and insure the equipment leased.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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