lease
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2010
what is the meaning of leasing?
17 October 2010
Hi
I am not sure in what context you are asking meaning of leasing
In general
A lease is a contractual agreement between the lessor (owner) and the lessee (second party) for a specified asset, which can be property, a house or apartment, business or office equipment, an automobile or even a horse. The lessee receives the right to total ownership for a spelled out period of time and conditions in return for payments. Do not confuse a lease with a rental, although these words are often interchanged. A rental is for a short period of time, such as a month, where, in this case, the agreement is renewed or the terms are changed monthly.
I am not sure in what context you are asking meaning of leasing
In general
A lease is a contractual agreement between the lessor (owner) and the lessee (second party) for a specified asset, which can be property, a house or apartment, business or office equipment, an automobile or even a horse. The lessee receives the right to total ownership for a spelled out period of time and conditions in return for payments. Do not confuse a lease with a rental, although these words are often interchanged. A rental is for a short period of time, such as a month, where, in this case, the agreement is renewed or the terms are changed monthly.
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 October 2010
thanx..
but how does it apply when dealing with depreciation?
but how does it apply when dealing with depreciation?
18 October 2010
Depreciation applicable in case of Capital Lease provided the assets is salable at the end of lease period.
Regards
K.L.Paliwal
Regards
K.L.Paliwal
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