A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree that the car will only be used for personal use.
The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions. Examples of a lease for intangible property are use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).
"We have helped thousands of users around the world manage their complex lease accounting portfolios through our leading Lease Lifecycle Automation software ... Thousands of users rely on our secure Software-as-a-Service (SaaS) platform to manage 800,000 real estate and equipment leases valued at $200 billion.
Repair the current dozer to vendor specs with factory authorized equipment and terminate the current month to month lease ... Terminate the lease on the existing dozer, and buy a new dozer (see attached literature for Dozer available at StateContract price).
“From leasing facilities to hiring qualified laboratory professionals, purchasing equipment, and running daily operations, it can be a hefty burden ... CLIAx offers nearly 3,000 square feet of ready-to-use communal clinical laboratory space and testing equipment, including a full ...
$10.3 million of 2020 marijuana tax revenue was dedicated to affordable housing in Denver.In 2021, $24.6 million from marijuana-related revenue was appropriated for affordable housing and homelessness services, youth violence prevention, STAR program pilot implementation, leases ...
the and ... 1 ... ADISA’s members are typically involved in non-traded real estate investment trusts, business development companies, master limited partnerships and private and public funds (LPs/LLCs), 1031 exchange programs (DSTs/TICs), energy and oil and gas interests, equipment leasing programs, or other alternative and direct investment offerings ... 1.
The interrogators lit into NoelQuinn, as if he were a latter-day Neville Chamberlain... the Chinese Communist Party ... He worked in a decidedly unglamorous field, equipment leasing ... Leasing cars and trains became a springboard to specialised finance, where he led divisions in the US and Europe before heading east to manage commercial banking in Asia.
> ... Many mainstream media outlets, which at the beginning of 2021, were speaking negatively about George W ...The Paul H ... In 1940, a year after the war started, the Roosevelt administration approved lend-lease, providing the Allied powers with military equipment for substantially less money that they would have otherwise cost ... .
... further information on lease term and rent are available on request.". However, the amusement park equipment is not included, with the marketing material stating "the equipment is the property of the former owners and does not form part of any leasing agreement".
Part of ForumGroup operated as an alleged “Ponzi scheme” as equipment leases were manually changed and money flows went unrecorded, with emails questioning fake leases at two Forum customers emerging from May 2018, the Federal Court has heard ....
She wanted to get a loan to do some buildout (light construction in this case to turn this leased property into more of a fitness facility), buy some specific fitness equipment, and have some working capital leftover ... She also pledged her fitness equipment, but it wasn’t enough on its own to hold the note.
She and Mann had been looking for land to lease to no avail ... She learned the land was being leased by the Foodshed AllianceSustainable AgricultureEnterprise ... She and Mann jumped at the opportunity to lease the farm in Newton, using personal savings to purchase farm equipment.
“For me, this is good.” ... Eligible nonprofits applying for the city’s program would be able to use money toward rent, lease and mortgage payments, utilities, payroll, benefits costs, personal protective equipment and other expenses “that occur in the ordinary course of operations,” according to a sample application ... 30 ... .