-
-
Many developed countries, use Leasing as one of the most effective and accessible mechanisms of financing. Leasing provides companies with the ability to keep pace with technology. The lessee can upgrade or add equipment to meet ever-changing needs. Lease is a legal document outlining the terms under which one party agrees to rent property from another party. A lease guarantees the lessee (the renter) use of an asset and guarantees the lessor (the property owner) regular payments from the lessee for a specified number of months or years. in contrast to other forms of financing, There are a variety of leasing products available, allowing the lessee to customize a program to address needs and requirements - cash flow, budget, transaction structure, cyclical fluctuations and etc. The leasing is particularly important for small and medium business enterprises that very often do not have sufficient financial resources to purchase the necessary assets nor can they get bank loans at favorable terms.
