MODULE – 2Lease Agreement • April 7th, 2025
Leasing is a form of contract where one party, who possessed an asset or an equipment is permitting other party to make use to such asset or equipment on its transfer, for a specified period of time in exchange of regular payment either with or without any additional payment. Such contract is termed as Lease Agreement and the party that transfer an asset or equipment is the Lessor, while the other party who is approved to make use of such asset in the Lessee.