Lease: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add example.) |
imported>Doug Williamson (Add link.) |
||
(2 intermediate revisions by the same user not shown) | |||
Line 4: | Line 4: | ||
For example, if we lease a vehicle for a monthly payment we are entitled to use it. But we are not the owner. | For example, if we lease a vehicle for a monthly payment we are entitled to '''use''' it. | ||
But we are not the '''owner''' of the vehicle. | |||
Line 19: | Line 21: | ||
* [[Hire purchase]] | * [[Hire purchase]] | ||
* [[Ijara]] | * [[Ijara]] | ||
* [[Landlord]] | |||
* [[Leasehold]] | * [[Leasehold]] | ||
* [[Lessee]] | * [[Lessee]] | ||
Line 24: | Line 27: | ||
* [[Licence]] | * [[Licence]] | ||
* [[Operating lease]] | * [[Operating lease]] | ||
*[[Real estate]] | |||
* [[Sale and leaseback]] | * [[Sale and leaseback]] | ||
* [[Tenancy]] | |||
* [[Tenant]] | * [[Tenant]] | ||
* [[Tenure]] | * [[Tenure]] |
Latest revision as of 10:32, 16 July 2022
A contract for the owner of an asset (the lessor) to offer rights to use the asset to another party (the lessee) for a certain period.
In return, the lessee makes payments of pre-determined amounts to the lessor.
For example, if we lease a vehicle for a monthly payment we are entitled to use it.
But we are not the owner of the vehicle.