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  • Domestic and International Lease

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    easygoing droca
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    A lease is a contract that allows a lessee to rent an asset, like property or equipment, from the lessor for a specified period of time and payment. A domestic lease involves parties that are located in the same country, while an international or global lease has parties residing in different countries. There are two types of global leases: import leases where the lessor and lessee are domestic but the equipment supplier is foreign, and cross-border leases where the lessor and lessee reside in separate countries, regardless of where the supplier is based.

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    A lease is a contract that allows a lessee to rent an asset, like property or equipment, from the lessor for a specified period of time and payment. A domestic lease involves parties that are located in the same country, while an international or global lease has parties residing in different countries. There are two types of global leases: import leases where the lessor and lessee are domestic but the equipment supplier is foreign, and cross-border leases where the lessor and lessee reside in separate countries, regardless of where the supplier is based.

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    24 views5 pages

    Domestic and International Lease

    Uploaded by

    easygoing droca
    A lease is a contract that allows a lessee to rent an asset, like property or equipment, from the lessor for a specified period of time and payment. A domestic lease involves parties that are located in the same country, while an international or global lease has parties residing in different countries. There are two types of global leases: import leases where the lessor and lessee are domestic but the equipment supplier is foreign, and cross-border leases where the lessor and lessee reside in separate countries, regardless of where the supplier is based.

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    © All Rights Reserved
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    Domestic and

    international
    lease
    Lease definition

     A lease is a contract outlining the terms under which one party


    agrees to rent property owned by another party. 
     It guarantees the lessee to use the asset and gives the property owner
    (lessor) to set a payement.
    Domestic lease

     When all the parties to the lease agreement Viz. Lessor, lessee and the
    equipment supplier are domiciled or belongs to the same country, is called as a
    domestic lease.
    Global leasing

     The international lease refers to the type of lease agreement


    where one or more parties to the lease agreement reside or
    are domiciled in different countries.
    Types of global leasing

     Import lease both the lessor and the lessee belong to the same
    country, but the equipment supplier stays in some other country
     Cross border lease In the case of a cross-border lease, both the lessor
    and the lessee stay in different countries, irrespective of where the
    equipment supplier stays.

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