YOUNG KING
Joined June 2021
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Leasing And Renting…. The Difference Between The Two And How To Use Them To Your Advantage.
WHAT IS A LEASE Definition of Lease The lease has been defined as a contractual agreement between two parties, the lessor and the lessee whereby the lessor buys the asset and grants the lessee, the right to use the asset over a specified period, against periodical lease rentals. Lease rentals work as a consideration for the use of the asset that belongs to another party. The agreement in which the terms and conditions of the lease are defined is known as Lease Deed. The different types of lease are given as under:
By YOUNG KING3 years ago in Lifehack