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Alexus [3.1K]
3 years ago
12

_________an is a commercial lease agreement which transfers to the tenant the obligiation, unless modified, to pay all of the co

sts ownership in addition to utilities and janitorals services
Business
1 answer:
antoniya [11.8K]3 years ago
5 0

Answer:

It is Finance lease

Explanation:

Finance lease is a type of lease where the lessor (seller)  transfers substantially all the risks and rewards incident to  ownership to the lessee( buyer). It is assumed that the buyer will eventually take the ownership at the end of the lease period.

Hence, the lessee is saddled with responsibility of repair and maintenance and all associated expenses.

In most circumstance except there is a default, the ownership is transferred to lessee after finishing paying all the relevant installments and other costs as agreed in the terms of the lease.  

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