BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the followings clearly define the Leasing services?
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One party agrees to rent property owned by another party.
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It guarantees the lessee, also known as the tenant, use of an asset.
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It guarantees the lessor, regular payments from the lessee .
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All of the Above
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Explanation:
Detailed explanation-1: -Which of the following clearly define the Leasing services? One party agrees to rent property owned by another party. It guarantees the lessee, also known as the tenant, use of an asset.
Detailed explanation-2: -A “lease” is defined as a contract between a lessor and a lessee for the hire of a specific asset for a specific period on payment of specified rentals. ADVERTISEMENTS: The maximum period of lease according to law is for 99 years. Previously land or real resate, mines and quarries were taken on lease.
Detailed explanation-3: -Common Types of Leases Operating leases. Financial leases (also called capital leases) Sale-and-leaseback arrangements.
There is 1 question to complete.