Contract signed at the beginning of the cooperation by all involved parties and establishes the rights and obligations being derived from same.
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Leasing or Financial Leasing
It is a financial tool designed for businesses and self-employed professionals for the acquisition and use of fixed assets (equipment, real estate, transport) for production or investment purposes.
Lessor
The Leasing Company, which grants the use, but retains the ownership of the Leasing object until the expiry of agreed duration under specific terms.
Lessee
The Customer or counter contracting party that assumes the use of the equipment / property for an agreed lease amount.
Leasehold
The Leasing object (property, equipment or means of transport).
Lease amount
The amount prescribed by the contract (usually monthly) for use of the fixed asset.
Lease Commencement
The signing date of the annex (with simultaneous delivery of the fixed asset).
Lease Expiration
The end of agreed leasing period (with the simultaneous transfer of the fixed asset to the lessee).
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Operating leasing or Long-term Leasing
Concerns the leasing of equipment or means of transport, the operating expenses and any other service related to this, to cover the lessee’s operating needs for a limited duration and under specific terms.
Overdue Lease amount
The lease that is paid at the end of the agreed period.
