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

What is your advice for first year bcom students?
If you have grip in basics . You can place in good position by the end of your course. So do hard work in the beginning itself
Mrunal
0 0
7
Should I spend 80 lakhs for a BCom in Canada?
No dear , clearly it's no 🙏don't spend 80 lakhs
Rakes
0 0
7
Please suggest good computer courses for my son 16 year old studying 12th commerce.
Ms office & Tally
Rohini
I am looking for Experienced teachers who can tech B com online. Each subject 35 hrs in total. Whats your price per hour? you can drop your questions as well
i hv 7 years experience am persuing CA-IPCC I WILL charge 5500 for 35 hrs
Nanda
0 0
6
Can a BCom student crack the CAT exam?
Hello Preeti, YES as a bcom student you can crack the CAT exam. You need to stay focused and self motivated. Practice questions as much as you can. Also opt for good guidance. Thank you
Preeti
0 0
7

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

Ask a Question

Related Lessons

Goods & Service Tax And Its Working
Goods and Service Tax (GST) as the name suggest is a one single tax on the supply of goods and services, right from the Manufacturing to the ultimate delivery to customer. Credits of input tax paid at...

Fr Prashanth Reddy

4 0
0
Why GST May Boost Gold Smuggling, Illegal Jewellery Sales?
Mumbai: A hike in taxes on gold under GST (Goods and Services Tax) could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store...

Fr Prashanth Reddy

What is Computer?
Computers are human made electronic machines that perform tasks or calculations according to a set of instructions, or given programs. The first fully electronic computer machine was introduced in the...

Dr. Lalit Arora

0 0
0
Behavior Management Tips for New Teachers
Behavior Management Tips for New Teachers! Behavior Management is a challenge that every new teacher faces. Unfortunately, teachers cannot be 100% prepared on how to effectively manage an entire classroom...

Fatima Sheikh

1 0
0
Proposed 18% GST Rate To Not Impact Home Prices.
While a final decision on the rates is yet to be taken, the rating agency said the final rates to be notified would be the key determinant of the impact of GST on the sector New Delhi: The proposed...

Fr Prashanth Reddy

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 Bangalore
BCom Tuition in Mumbai
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 Noida

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