We Daamri Deals Leasing as financial service is a contractual agreement where the owner of equipment or any other property transfers the right to use the equipment or property to the user for an agreed period of time in return for a period payment. The owner of the asset is called lessor and user of such property or asset is known as lessee.
The periodic payment is known and lease rental. At the end of the lease period, the asset or equipment is given back to the lessor unless there is a clear provision for the renewal of the contract in the lease agreement or there is a provision for the transfers of ownership to the lessee. If there is any such provision for transfer of ownership to the user of assets, the deal is treated as hire purchase.
For more info, contact Daamri Group