What is a lease?

Asked by Last Modified  

4 Answers

Follow 0
Answer

Please enter your answer

lease means right to use any immovable assets
Comments
Dislike Bookmark

Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic...
read more
Written or implied contract by which an owner (the lessor) of a specific asset (such as a parcel of land, building, equipment, or machinery) grants a second party (the lessee) the right to its exclusive possession and use for a specific period and under specified conditions, in return for specified periodic rental or lease payments. A long-term written lease (also called a deed) creates a leasehold interest which in itself can be traded or mortgaged, and is shown as a capital asset in a firm's books. Advantages of leasing include (1) lack of restrictive covenants (common in bank loans and bond indentures), (2) conservation of capital (because the lessor provides 100 percent financing), (3) tax savings (in most cases), (4) avoidance of the risk of obsolescence, and (5) relative ease of obtaining a lease as opposed to a comparable bank loan. read less
Comments
Dislike Bookmark

Judiciary Trainer

Transfer of right to rnjoy such immovable property,made for a certain time or in perpetuity in consideration of price paid or promised
Comments
Dislike Bookmark

Transforming academic dreams into reality with 100 % success rate.since the past 30 years.

A lease is an agreement outlining the terms under which one party agrees to rent /leaseproperty from another party.for a specific period of time.A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee . The ownership...
read more
A lease is an agreement outlining the terms under which one party agrees to rent /leaseproperty from another party.for a specific period of time.A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee . The ownership remains with the lessor , however the lessee continues to use the property , for the lease period by paying the lease rent at regular intervals , i.e amonth ,year etc. read less
Comments
Dislike Bookmark

View 2 more Answers

Related Questions

Is a BCom (Honours) and an MBA a better combination than CA?
Sainath, It all depends on career path you want to choose. Professional degree can not be compared with PG degree course. Not comparable.
Sainath
0 0
View Comments7
Write a report for an English newspaper on the Republic Day celebrations held at your college. *
Like every year, this year, also all the students and faculty members of our XYZ School/College had organized a grand program on the occasion of this Republic Day. Everyone was feeling very happy that...
Anusha
1 0
View Comments6
Is tuition required for a B.Com graduation?
You can take coaching if the lecturer in college is not able to make you understand the concepts However coaching of certain subjects such as accounts is recommended since it will be useful to you post...
Balaji
0 0
View Comments8
I have studied my degree bcom in st marys degree college. but i discontinued in 3rd year in 2014. not in 2016 is it possible for me to get re-admission in 3rd year and write regulars exam in march/april.
Yes you can get re admission in third year and continue under regular stream. Let me know whether you come under Osmania University or not.
Jasper
0 0
View Comments8
I want to know about B.Com in human resource management. What's the scope of B.Com in Human resource management in India and about the salary earned by it. How much salary is earned in it?
Totally depends upon candidate knowledge.
Abdul

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

B.Com Aspirations
1.Duration - 3 Years 2.Semester - 6 3.Eligibility – Students with 50% in (10+2) from a recognized Education Board. 4.Fees –Variable in accordance to collage. 5.Job scope - eligible to apply...

Rishabh Pandey

0 0
View Comments0
GST News, Notifications And Announcements
Central Tax Notifications: Composition Scheme- Notification 3 & 8/2017: Composition scheme threshold has been notified to be 75 lakhs (earlier recommended only). This will be beneficial to small...

Fr Prashanth Reddy

Benami Transactions
Prohibition of Benami Property Transaction Act, 1988, amended by Amendment Act 2016 An Act which prohibits Benami transactions and right to recover property held as Benami by benamidar and also proceeds...

Manish Sharma

0 0
View Comments0
A word about Indian Taxation
Basic ConceptA word about Indian Taxation. The Income-tax Act, 1961 came into force with effect from 1/4/1962. It has XXIII chapters and 298 sections in all. The Indian taxation structure is a mix of number...

Sumant Sharma

0 0
View Comments0
Be Alert Always as Trader !!
People who make decisions for a living are coming to realize that in complex or chaotic situations- a battlefield, a trading floor, or today's brutally competitive business environment-intuition usually...

Hanamant Kullur

7 0
View Comments0

Recommended Articles

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

The Rising Problems in Indian Government School

With the mushrooming of international and private schools, it may seem that the education system of India is healthy. In reality, only 29% of children are sent to the private schools, while the remaining head for government or state funded education. So, to check the reality of Indian education system it is better to look...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Mumbai
BCom Tuition in Bangalore
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Jaipur
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you