An agreement under which equipment or facilities can be obtained on a rental payment basis for a given period of time. Such an agreement provides the user facilities without making a capital outlay.
a contract that is typically entered into by a lessee (the individual who will be driving the given vehicle) and a lessor (the individual or company that actually owns the vehicle)
an agreement under which the owner of an asset conveys to the user the right to use the asset in return for a number of specified payments over an agreed period of time
an agreement, usually written, between the owner of a property and a renter who desires to have temporary possession of the property
an important contract and often the most important contract a business will sign
A written agreement by which equipment or facilities are provided on a rental payment basis, subject to the terms and conditions mutually assented. This agreement allows the lessor to retain rights and title, and the lessee has user ability without large capital expenditure.
A lease contract is the written document which sets forth all of the terms of the entire lease transaction and is typically issued to the consumer when he or she picks up the vehicle.
The written and legally enforceable lease agreement between the lessor and lessee. Technically, the lease contract is just the master lease (or its single-form equivalent) and the specific documents which are incorporated into it, while the lease agreement is the entire understanding and arrangement amongst the parties to a specific lease transaction.
The lease contract is an agreement concluded between the lessee and lessor and regulates all of the transaction's modalities. A differentiation is made between various contractual models (finance lease, operating lease etc.). The most important contractual components are the amount of the lease installment, the contractual period, and the payment arrangements.
