A lease is a form of agreement wherein, as defined by International Accounting Standard 17, a lessor
conveys to the lessee, in return for a payment or series of payments, the right to use an asset for an agreed period of time.
Of Non-financial Intangible Assets Market Report 2019 provides the strategists, marketers and senior management with the critical information they need to assess the global lessors
of non-financial intangible assets market.
No equipment lessor
wants to find itself a creditor of a lessee in a reorganization case under Chapter 11 of the U.S.
The FLYdocs Big Data solution is utilised by airlines and lessors
worldwide to efficiently manage assets, data and records in real time to transition assets at sale or end of lease on-time in a fully paperless way.
The company is actively engaged with all its aircraft lessors
and regularly provides them with updates on the efforts undertaken to improve its liquidity, he said adding aircraft lessors
have been supportive of the company's efforts in this regard.
But with air pockets in sight, industry executives increasingly point to an expected shakeout among smaller lessors
. Some smaller Chinese players are already pulling back.
Accordingly, on the exhaustion of the Lease Agreement, as well as completion of the due Payment to the Lessors
, the Vehicle would be transferred to the Ownership of the Lessees.
The customer just needs to activate his account in the system; which saves time and effort on the lessor
and the tenant by using this developed online system.
In a sales-type lease transaction, lessors
derecognize the leased asset and recognize their net investment in the lease.
The program is available to lessors
as a fully functioning program or as a proof of concept "POC" for larger, established lessors
providing a valuable and time critical option for business case validation.
The contract shall include the name of the lessor
, the tenant, their nationalities, addresses, legal representatives, duration of the lease, amount of the rent, payment means, the purpose of the lease and all agreed terms.