Elements of Leasing are 1 Parties These are essentially two parties to a contract of lease financing...........

Finance (Phase -I & II) Alternate sources of finance

Elements of Leasing are -

1. Parties: These are essentially two parties to a contract of lease financing, namely the owner and user of the assets.

2. Leaser: Leaser is the owner of the assets that are being leased. Leasers may be individual partnership, joint stock companies, corporation or financial institutions.

3. Lesse: Lesse is the receiver of the service of the assets under a lease contract. Lesse may be firms or companies.

1 and 2

2 and 3

1 and 3

1, 2 and 3

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Explanation:

Elements of Leasing-
Leasing is one of the important and popular parts of asset based finance. It consists of the following essential elements:
1. Parties: These are essentially two parties to a contract of lease financing, namely the owner and user of the assets.
2. Leaser: Leaser is the owner of the assets that are being leased. Leasers may be individual partnership, joint stock companies, corporation or financial institutions.
3. Lesse: Lesse is the receiver of the service of the assets under a lease contract. Lesse may be firms or companies.
4. Lease broker: Lease broker is an agent in between the leaser (owner) and lessee. He acts as an intermediary in arranging the lease deals. Merchant banking divisions of foreign banks, subsidiaries Indian banking and private foreign banks are acting as lease brokers.
5. Lease assets: The lease assets may be plant, machinery, equipment’s, land, automobile, factory, building etc.