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What is the meaning of lease agreement?

countable noun. A lease is a legal agreement by which the owner of a building, a piece of land, or something such as a car allows someone else to use it for a period of time in return for money.

What are the advantages of leasing?

Access to Capital: Leasing does not impact existing credit lines e.g. an existing bank operating line, thereby providing another source of capital. Budgeting: With fixed (monthly, quarterly, annual) payments, cash flow is more predictable making budgeting easier.

What is the meaning of lease term in simple words?

Lease Term Definition Defined as the period of time in which a contracted lease is in place, lease term establishes the time period to both the lessee and lessor. Lease terms generally come on 3 forms: fixed, periodic, and indefinite.

What is the meaning of the word lease agreement?

A lease is a contract outlining the terms under which one party agrees to rent an assetin this case, propertyowned by another party. It guarantees the lessee, also known as the tenant, use of the property and guarantees the lessor (the property owner or landlord) regular payments for a specified period in exchange.

t 186 lease agreement

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