Equipment Lease

Equipment Lease - An equipment lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and possess specific equipment for a predetermined period in exchange for periodic rental payments. These agreements often include terms related to maintenance, insurance, and the lessee's responsibilities during the lease term.

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Identification

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Equipment Lease
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Definition and Examples

Definition
An equipment lease is a contractual agreement in which one party (the lessor) grants another party (the lessee) the right to use and possess specific equipment for a predetermined period in exchange for periodic rental payments. These agreements often include terms related to maintenance, insurance, and the lessee's responsibilities during the lease term.
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Deprecated
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