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MAX HEALTH LAW EQUIPMENT LEASE AGREEMENT https://maxhealthlaw.com
WHAT IS EQUIPMENT LEASE AGREEMENT An equipment lease agreement is an undertaking between two parties, the lessor and the lessee to use the equipment. Lessor is a party who owns the equipment and lessee is a party who uses the equipment. This is done in exchange for some consideration i.e. lease rentals. The period of usage of equipment is fixed and is termed as lease period. At the end of the lease period, the lessor may give the lessee an option to renew the lease agreement, terminate the same or an option to buy the leased equipment. This depends on the terms and conditions of lease agreement entered between both the parties. CHS | Employee Orientation
WHY COMPANIES OPT FOR EQUIPMENT LEASING? There are 3 ways to get equipment for a company for their business: - They can buy equipement with cash - Purchase equipement on Loan - Take equipement on Lease Equipment leasing is cost effective way to upgrade equipment without undergo too much of upfront cost.
EQUIPMENT LEASING IS A BETTER OPTION THAN BUYING THE EQUIPMENT FOR VARIOUS REASONS. It Leads To Tax Advantages. It Results In Saving The Cost Of Buying An Entirely New Asset. It Provides Lower Monthly Payments. It Improves The Flow Of Working Capital. It Provides Access To Latest Technology At An Affordable Cost
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