It was beyond all argument superior to the telephones then in use and the lessees
of Bell telephones clamored with one voice for "a transmitter as good as Edison's.
There's only a little bit of the vineyard that isn't abandoned-- just enough to make wine for the present Italian lessees
, who are running a poverty-stricken milk ranch on the leavings of the soil.
The new law regulates commercial arrangement where the lessee
(customer or borrower) will select an asset (equipment, vehicle, software); the lessor (finance company) will purchase that asset; the lessee
will have use of that asset during the lease; the lessee
will pay a series of rentals or instalments for the use of that asset; the lessor will recover a large part or all of the cost of the asset plus earn interest from the rentals paid by the lessee
; the lessee
has the option to acquire ownership of the asset (e.
making this election is required to apply the expedient to an entire class of leases based on the type of underlying asset.
doesnt keep the required hours of operations, the Lease may be terminated.
Avison Young announced that it has been engaged to identify a long-term net lessee
for 250 Church Street, also known as 101 Franklin Street, in TriBeCa.
In the future, agreements that result in the eventual transfer of ownership of an asset from the lessor to the lessee
will be treated instead as the financed sale/purchase of an asset.
Tenant allowances are payments a lessor makes to a lessee
to provide the tenant with funds to prepare the rented space for its intended business use.
All leases subject to the Property Lease Law must be in writing and must specify the lease period and the rent payable by the lessee
If a lease meets any one of four criteria (see Exhibit 1 on page 20), it qualifies for capital lease treatment and the lessee
is required to record and report the underlying assets and related lease obligations on its balance sheet.
It is also a system that is often plagued by misunderstandings, frequently because the lessee
has not been given adequate information from their solicitor before buying.
Equipment leasing, to put it simply, is the means by which one party, the lessor, lays out a capital sum for the acquisition of an asset, and another person, the lessee
, uses that asset and in return pays a fee including rent, to the lessor.