A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.
Broadly put, a lease agreement is a contract between two parties, the lessor and the lessee. The lessor is the legal owner of the asset; the lessee obtains the right to use the asset in return for regular rental payments.The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree that the car will only be used for personal use.
The narrower term rental agreement can be used to describe a lease in which the asset is tangible property. Language used is that the user rents the land or goods let or rented out by the owner. The verb to lease is less precise because it can refer to either of these actions. Examples of a lease for intangible property are use of a computer program (similar to a license, but with different provisions), or use of a radio frequency (such as a contract with a cell-phone provider).
The new company has also just signed a partnership, called DP Lease, with Damen Shipyard of the Netherlands. DP Lease will focus on owning electric and hybrid-electric ferries, towage and harbour equipment, contracted out to Damen’s clients.
DP Lease aims to support decarbonisation of the maritime industry ... DP Lease is aligned ... Damen’s partner in DP Lease, PurusMarine, is an owner of environmentally-advanced maritime vessels and infrastructure equipment, contracted to leading customers in the ocean industries.
DP Lease aims to support decarbonisation of the maritime industry ... “DP Lease will help ... Damen’s partner in DP Lease, PurusMarine, is an owner of environmentally-advanced maritime vessels and infrastructure equipment, contracted to leading customers in the ocean industries.
Rental and lease revenue increased 17.6% to $22.1 million versus $18.8 million for the same period of the prior year, the result of a 16.4% increase in test & measurement (T&M) equipment rental revenue and an 18.9% increase in data products (DP) equipment rental revenue ... Rental and lease equipment, net 131,435 122,798.
"Activity in our core test and measurement (T&M) equipment rental and lease business remained robust in the second quarter, driving an increase in total revenue ... T&M equipment rental and lease revenue increased 10.9% ... Rental and lease revenue increased 6.2% and equipment sales declined 8.7% ... lease equipment 8,664 8,466 17,116 16,491.