Leasing is an accounting topic that is not only essential in academics but also has significant importance in the real world too. Students who study accounts and finance prefer to take the Leasing assignment help. Leasing is a contract by which a company can obtain and use the asset of their party for which they have to pay a commercial and tax-deductible amount. Various terms are used in the leasing process that the student needs to include in the assignment. Most of the students face difficulties in dealing with the leasing assignment. As a result of which they look for assignment assistance in the market.
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To complete a leasing assignment, it is essential to know about lease and lease agreements. A lease is a contract signed between two parties, wherein the owner of the asset lends the asset to the other party in the want of periodic payment. This timely payment is also known as rental payment. The person who owns the asset is called a lessor. Whereas, the person who takes the asset is called the lessee. A lessor can provide certain conditions to the lessee which need to be followed throughout the agreement.
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The leasing Agreement is generally confused with the Rental Agreement. But in reality, a rental agreement is different from a leasing agreement.
Leading Differences Between The Two Are:
The rental agreement is concerned with tangible properties. Tangible assets are those assets that can be touched like property, goods, buildings, machines, and many more. On the other hand, a leasing agreement is concerned with both tangible and intangible items such as machines, goodwill, patent, copyright, and many more.
The lease agreement can be provided for a long-term period. Whereas rental agreement is generally for a short period.
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