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Leasing
LEASING

Definition: The job or activity of giving out or allowing the use of a building, a piece of equipment or some land for a period of time, usually in return for a payment (= rent).
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* All eight elements should be in.


1. Purposeful and considered necessary by the parties involved.

2. Legal authorization will be available or secured for arrangement.

3. Procedures are correctly observed - application, interview, examination, assessment, payment, transfer or exchange, etc., as applicable and necessary, are correctly made.

4. Details in contract will be concise, be scrutinized, and fully explained to and understood by the lessee. (To emphasize.)

5. Full, constant and regular disclosure, about state or condition of asset, will be provided before and during the usage of item or material (connect to #4).

6. There will be no serious impediment to operating or executing lease. And no loss will ordinarily be expected in situation. That is, workability of agreement will be optimal.

7. (Reserved.) (There will be no debate or dispute over the ownership of what is given out!) (Connect to #5 & #6.)

8. Job serves purpose(s) or activity achieves objective(s).
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PLEASE, NO CHEATING LESSEE !

SHOULDN'T BE ROCKET SCIENCE.

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