This equipment lease ("Lease") is made and effective [Date], by and between [Lessor], ("Lessor") and [Lessee] ("Lessee"). Lessor desires to lease to Lessee, and Lessee desires to lease from Lessor, certain tangible personal property. Now, therefore, in consideration of the mutual covenants and promises hereinafter set forth, the parties hereto...
Each year venture capitalists fund more than 2,500 start-up companies in the U.S. Many of these companies try to conserve their equity capital by approaching venture-leasing firms to secure equipment financing. By obtaining lease financing, these savvy firms are able to use their equity capital for high-impact activities like recruiting...
A lease is a legal document, but can be an oral arrangement, which confers a right on one person called a tenant or lessee to possess property belonging to another person called a landlord or lessor to the exclusion of the owner landlord. This is a template for an assignment...
This is a template which can be used as an assignment of rents by lessor with repurchase agreement. The template contains various clause or conditions which can be mentioned in the assignment.
If you move someone else in to your rented property without the consent of the landlord the Lessor you will more than likely be in breach of contract and could end up in court. So it is better to have consent from landlord. Here is a template for consent of...
If you are a Lessee, your lease agreement probably contains a clause prohibiting you from letting someone else take over the lease without the landlord's consent. Most do. This is to protect the landlord from suddenly having new lessee... lessee who may or may not make timely rental payments. Here...
Payments for leased corporate assets must be accounted for in financial statements, to accurately reflectthe company's financial obligations. There are two accounting methods, one for each type of lease: “operating” or “capital.”The FASB Financial Accounting Standards Board has developed objective criteria to help managers identify the type of lease based...
Previous research finds evidence that tax factors motivate the participants in leasing transactions. Tax-arbitrage arguments predict that leasing participants gain when the lessor's tax rate exceeds that of the lessee. This paper presents a research that employs a sample of effectively tax-exempt REIT lessors to explore alternative leasing motives. Changes...
This article discusses Sections 2A-527 and 2A-528 of the Uniform Commercial Code, providing the starting point from which one can begin to review the rights to damages a lessor has when a lessee defaults on a lease agreement for personal property and the damages are not otherwise covered by a...
The article says that It is necessary for the lessee to first apply FASB I 46 to evaluate its relationship with the lessor, and in that respect FASB I 46 takes precedence over SFAS 13 and its many amendments. This is because, if FASB I 46 requires the lessee to...
In January 2003, FASB issued Interpretation No. 46, Consolidation of Variable Interest Entities. FASB I 46 supersedes EITF 90-15 which previously was used to determine whether a lessee, under an operating lease, was required to consolidate a "nonsubstantive" lessor. It is necessary for the lessee to first apply FASB I...
The slide show defines a lease as a tool that allows an individual or a firm to make economic use of an asset for a stated period of time without obtaining ownership interest in it. While talking of lease contract it defines Lessee who obtains use of an asset for...
This article is basically a case study. ABC Lessee has the right to purchase equipment at the end of its lease term for fair market value, as determined by the third party appraisal process after having provided the necessary notice to its lessor. The lessee provides timely notification to it...
This presentation aims to discuss accounting treatment for leases. According to FASB statement No.13, a lease is defined as “an agreement conveying the right to use property, plant, or equipment for a stated period of time”. It discusses few provisions such as: 1. A lease involves a lessee and a...
"Most lessors insist on evidence of insurance prior to funding in the form of a certificate of insurance from the lessee's insurance company. Unfortunately, the contents of these certificates vary and many of the certificates commonly accepted by lessors are inadequate to provide the desired protection. The article, focuses upon...
The use of a multi-property lessor in a synthetic leasing transaction may cause the lessee to seek to take special precautions to minimize the negative implications of a subsequent lessor bankruptcy. However, requiring the multi-project lessor to grant a security interest in the lessee's option right to purchase the property,...
ALEXANDRIA, Va. -- Highlighted by a new format, a six-month lease giveaway and a "green" focus, the National Vehicle Leasing Association NVLA held its annual conference June 11-14, 2008 in Phoenix, Ariz. Attendees from all segments of the vehicle leasing industry convened at the JW Marriott Desert Ridge Resort to...
AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD Aircraft manufacturer Boeing Co (NYSE: BA) has announced that it has delivered a Next-Generation 737-800 to Sunwing Airlines, a carrier based in Toronto, Canada. The aircraft is the third new Next-Generation 737 to be delivered to Sunwing and the first...
HAMILTON, Bermuda -- Textainer Group Holdings Limited (NYSE:TGH) ("Textainer"), the world's largest lessor of intermodal containers based on fleet size, today announced that Textainer Marine Containers Limited ("TMCL"), Textainer's primary asset owning subsidiary, extended and increased the size of its securitization facility. The total commitment under the securitization facility was...
Settlement Agreement Ends Dispute with Hospital Lessor, HCP, Inc. Tenet Will Continue to Operate Four Hospitals Leased from HCP Leases at Two HCP-Owned Hospitals Will Not Be Renewed DALLAS -- Tenet Healthcare Corporation (NYSE: THC) announced it has reached a settlement with HCP, Inc....
