Finance leases are long-term leases. With this type of lease, the tenant is usually responsible for the maintenance and insurance of the equipment and the payment of all taxes, if any. This type of rental is usually used by companies that intend to use expensive capital goods over a long period of time. For this type of lease, the lessor grants the tenant the purchase option at the end of the lease term and transfers ownership of the equipment to the tenant if the tenant exercises this option. Typically, equipment leases are used for the following reasons: An equipment lease is an agreement in which the owner of the equipment allows the user to use the equipment for a regular lease payment. The owner of the equipment is the owner, the user is the tenant. The equipment that can be rented includes all physical elements such as vehicles, machinery and other tangible objects, with the exception of buildings. Thereafter, the contract must be registered with the equipment rental registration authority no later than 14 days after the start of the rental. The registration authority shall issue a registration certificate at the end of the registration process. This document can be used for long-term or financial leasing or leasing. Operating leases are short-term leases where the lessor usually bears all the risks of the contract, such as insurance, repairs, maintenance, etc. This type of rental is usually done by parties who need the equipment for a short period of time. Examples of equipment used for this type of rental include office equipment (such as computers, office furniture, etc.), vehicles, etc.

Andere Namen für das Dokument: Commercial Equipment Lease Agreement, Equipment Lease Agreement with Option to Purchase, Heavy Equipment Lease Agreement, Commercial Equipment Lease Agreement, Finance Lease Agreement. . . .