Info on Leasing

Leasing is a financial agreement between a lessor (owner of an asset) and a lessee (user of the asset) where the lessee pays for the use of the asset for a specified period of time. Leasing is quite often used for commercial equipment. The lease agreement typically includes the monthly lease payments, the length of the lease term, and any penalties or fees for early termination. In most cases, the lessor retains ownership of the asset throughout the lease period, but the lessee has the option to buy the asset at the end of the lease term. Below we’ve compiled some specific information on leasing you might find useful.