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hi good morning Libby back today here today were talking about our September series and were working through different features of building to make sure you understand if youre thinking about a software starting the first of the year nows the time to get started take a look at our last few months weve tried to feature all the software so youre ready so today we want to talk a little bit about the lease features so lots of time-saving there lots of streamlining so you can first off lets just go with the simple you can attach any leash you already have make sure youve scanned it its a PDF and you can go ahead and attach it thats really convenient for anybody thats answering the phone they dont have to go somewhere to find that least they can find the answers right there and the software makes everybody more productive its working with the tenants as well as theres a feature so you can create your lease and you can use that as a mail merge feature you can take the names of

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What is the meaning and features of leasing?

A lease is a legal, binding contract outlining the terms under which one party agrees to rent property owned by another party. It guarantees the tenant or lessee use of the property and guarantees the property owner or landlord regular payments for a specified period in exchange.

Whose name goes on the lease?

Every person responsible for paying rent must sign the lease and its a good idea to have any occupant considered of adult age sign the lease as well.

What is an example of lease financing?

An open-ended vehicle lease, where there is an obligation to purchase the car at the end of the lease, is an example of a finance lease. In an operating lease, the lessee records a right-of-use asset and a lease liability on their balance sheet.

What are the 3 main types of lease?

The three main types of leasing are finance leasing, operating leasing and contract hire. Finance leasing. Operating leasing. Contract hire.

What does lessee name mean?

A lessee is a person who rents land or property from a lessor. The lessee is also known as the tenant and must uphold specific obligations as defined in the lease agreement and by law.

What does name of lease mean?

Lease is a name of Anglo-Saxon origin and came from the baptismal name for the son of Levison, which was a form of Lewis. Baptismal names are forms of patronymic surnames, and derive from either the religious or the vernacular given name traditions.

What are the features and advantages of leasing?

There are numerous advantages to lease financing Less initial cash investment required. Lower monthly payments. Tax benefits. Fast turnaround time. Conserve your capital. Avoid technological obsolescence. Assist corporate growth. Let the equipment pay for itself.

What is the meaning and features of financial lease?

A financial lease is a lease that lets an entity borrow an asset for a long period of time, such that the length of the lease is essentially equal to the life of the asset taken on lease, and the company capitalizes the assets in its book. A financial lease is also known as a capital lease.

What is the concept of lease financing?

Meaning of Lease Financing Lease financing is a contractual agreement between the owner of the asset who grants the other party the right to use the asset in return for a periodic payment and the other party who is the user of such assets.

What is lease feature?

Major Features of Lease Assets: The assets, property to be leased are the subject matter lease financing contract. Lease Period: The basic lease period during which the lease is non-cancelable. Rental Payments: The lessee pays to the lessor for the lease transaction is the lease rental.

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