Definition: The lease is the rental of property to a variable term as a contract between the parties, through which and by paying a fee, the beneficiary enjoys the use of good , run by the owner (lessor), the maintenance costs of the rented object, and whose expenses are part of the rental fee, although they are not broken down in that quota.
At the end of the lease, the tenant must reimburse the property to the lessor. Normally the landlord will generally sell the property once the lease contract, which has previously been his tenant, to a market price, after deducting the depreciation of the asset. This sale is no longer part of the lease, but legally constitute a contract of sale unrelated to the first.
Features: The lease is often used as a model of short-term financing.
Lessee neglects the costs of maintenance of the property, as borne by the landlord.
Once the lease, it tends to keep the market price, which far exceeds the amount of the lease payment.
Who does it: leasing operations can only be made by:
- Banking.
- Savings.
- Specialised credit.
