• ADVANTAGES TO LESSEES
• ADVANTAGES TO LESSORS
• TYPES OF LEASES
• TYPES OF LESSORS
• LEASING INDUSTRY TRENDS
• FURTHER READING:

A lease is a form of financing under which the owner of an asset (the lessor) temporarily transfers the right to use, and sometimes other ownership rights and obligations, of an asset to another party (the lessee). The lessor typically makes the lease for a specified time in return for a lump sum or periodic rental payments from the lessee.

The basic concept of leasing dates back to at least 1800 B.C., when the Babylonian king Hammurabi described the transaction in his Code of laws, stating that use—rather than ownership—of equipment is what produces wealth. Leasing...