Difference between revisions of "Leases"
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| + | Conservapedia will '''drown''' in vandalism! | ||
| + | <div style="text-align:center">I'm a conservative Republican that lives in Pennsylvania. I attended Glenn Beck's rally in Washington, D.C.</div> | ||
| + | <span style="text-decoration:blink; font-size:20px">{{PAGENAME}} has been vandalized by Willy on Wheels!</span><div style="text-align:center">I'm a conservative Republican that lives in Pennsylvania. I attended Glenn Beck's rally in Washington, D.C.</div> | ||
| + | <span style="text-decoration:blink; font-size:20px">{{PAGENAME}} has been vandalized by Willy on Wheels!</span><div style="text-align:center">I'm a conservative Republican that lives in Pennsylvania. I attended Glenn Beck's rally in Washington, D.C.</div> | ||
| + | <span style="text-decoration:blink; font-size:20px">{{PAGENAME}} has been vandalized by Willy on Wheels!</span> | ||
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A '''lease''' is condition whereupon equipment or property is rented by one person or [[business]] from another. A lease normally implies a longer contractual term, whereas renting is often considered to be shorter term. Hence, we rent cars for weekend trips but lease them for two years at a time. | A '''lease''' is condition whereupon equipment or property is rented by one person or [[business]] from another. A lease normally implies a longer contractual term, whereas renting is often considered to be shorter term. Hence, we rent cars for weekend trips but lease them for two years at a time. | ||
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[[Category:Finance]] | [[Category:Finance]] | ||
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Revision as of 02:21, September 2, 2011
Conservapedia will drown in vandalism!
Leases has been vandalized by Willy on Wheels!
Leases has been vandalized by Willy on Wheels!
Leases has been vandalized by Willy on Wheels!
A lease is condition whereupon equipment or property is rented by one person or business from another. A lease normally implies a longer contractual term, whereas renting is often considered to be shorter term. Hence, we rent cars for weekend trips but lease them for two years at a time.
A lessor is one who owns the asset to be leased and generates revenue from it. A lessee is the one who uses the asset and pays the owner for the privilege of doing so.
Leases usually fall into one of two categories – operating or financial. An operating lease is such that it does not transfer significant risks and benefits of ownership to the lessee. A financial or capital lease is really a loan in disguise. United States accounting rules require companies to account for a leased asset as if it were a purchase with a corresponding debt, if one of the following criteria are met:
- The lease transfers ownership of the property at the end of the term to the lessee.
- The lease contains a bargain purchase option.
- The non-cancellable term of the lease is more than 75% of the estimated life of the property
- The Net Present Value of lease payments are equal to 90% of the fair value of the property.