Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Off Topic Discussion
General Topics
Can you differentiate between Rent and Lease?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Mataracy, post: 119286, member: 28733"] Rent can be defined as a compensation paid by a tenant( that is leasee) to the property owner ( or lessor), for use of occupancy of a property. To rent out something means to lend it to somebody, a company or any entity for a fee. Lease in the other hand can be defined as a contract by which one party conveys Lands, property, services, etc. to another for a specified time, usually in return for a periodic payment. A lease said to be a contract under which one party, the lessor( that is the owner of the asset ), give another party( Leasee) the exclusive right to use the asset usually for a specified time in return for the payment of rent. Leasing said to be a process by which a firm can obtain the use of certain fixed assets for which it must make a series of contractual, periodic, tax- deductible payment. MAJOR FEATURE OF LEASE The major feature of lease are: (1) THE CONTRACT There are essentially two parties to a contract of lease financing, namely the owner and the user. (2) LEASE PERIOD The basic lease period during which the lease is non- cancelable. (3) ASSETS The assets,property to be leased are the subject matter lease financing contract. (4) RENTED PAYMENTS The lease pays to the leasoe for the lease transaction is the lease rental. (5) OWNERSHIP During the lease period, ownership of the assets is being kept with the lessor and its use is allowed to the leasee. Your idea will be welcome. Can you make the difference between Rent and Lease? [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Off Topic Discussion
General Topics
Can you differentiate between Rent and Lease?
Top