What is a lease?

A lease is a contract arrangement calling for the user (lessee) to pay the owner (lessor) for use of an asset, in this instance, a copier or label press. 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.

Please log in to rate this.
0 people found this helpful.


Category: Leasing

← Faqs

Leave a Reply

Your email address will not be published. Required fields are marked *