Leasing is a financial arrangement where one party, the lessor, grants the use of an asset, such as equipment or property, to another party, the lessee, for a specified period. In return, the lessee makes regular payments to the lessor.
Leasing is an alternative to purchasing, offering flexibility and reduced upfront costs. At the end of the lease term, the lessee may have the option to purchase the asset.
Leasing is commonly used for equipment, vehicles, and real estate, providing businesses and individuals access to assets without the full financial commitment of ownership.
