Question

What is leasing?????????

Answer 1

Step-by-step explanation:

A lease is a contractual arrangement calling for the lessee to pay the lessor for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased. Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee.

Answer 2

Answer: Leasing- aka “renting” is an agreement where one person takes possession over an item/property. This is a temporary contract, and the item is owned by someone given to another person typically for a certain cost.