Many people, when asked if they know about leasing, can answer that they have never even heard of it. Really? What if we say that most of us not only know a lot about leasing, but how we use it at some point in our lives, and maybe thousands still use it right now!
So if you want to get to know leasing, how it works and how this type of financial processcontinue with us in the article below!
What this article covers:
How does leasing actually work?
Leasing may seem like a very complex process at first glance, but it is quite simple! Incidentally, the name leasing is the way it is known and formalized in the laws of our country, but the name can vary greatly from place to place and in English it is known as leasing.
Anyway, this type of process is characterized by the following: instead of a certain company or financial institution selling a good or service at once to another company or individual, it acquires the good and service for itself and then through contract allows your customer to enjoy the product or service for a stipulated time.
All this information must be in the contract and be previously agreed and its definitions respected to the maximum.
What is commercial leasing?
Have you been able to identify some common leasing situations in our everyday life? If you thought about rent then you’re absolutely right! Property rental is one of the most common types of leasing in our country and it is a perfect example of how this type of process is done!
With the explanations we can see that the leasing is characterized by 3 elements: the company denominated lessor, a client denominated lessee and the thing or service that is leased. This process must always be taken very seriously and done with very clear agreements, as any kind of doubt regarding this service could end up being disastrous in the future.
Another quite traditional difference in leasing is the difference between financial and operational leasing. While in the first the lessee intends to obtain possession of the service or good at the end of the contract, in the second this interest does not exist or at least is not being exercised. This difference is crucial and must be agreed at the beginning of the contract.
Who can lease?
To participate in a commercial lease is very easy! You just need to be of legal age and have the monetary amount requested by the leasing institution. It is also necessary to always fit into the signed contract and be aware that breaching the contract can result in numerous problems, including the immediate cessation of use of the object or service that was leased. So be careful!
How to make a commercial lease?
Making a commercial lease is also quite simple! Just look for a company that works as a lessor and request their services, through legal means and if possible even with a lawyer.
As we commented, the most traditional form of leasing in our country is the rental of real estate, but it is not the only one. Another very famous type of leasing is the leasing of cars and other means of transport.
Agreements vary greatly from company to company and you should always keep in mind that it is the company that owns that product per hour.
Now that you know what a commercial lease is, make agreements of this type with much more care and attention, looking for the most advantageous contracts