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Operating Leases
Lease agreements that allow for the use of an asset but do not convey rights of ownership, typically involving shorter-term leases with lower payments.
Financial Leases
Long-term leases that are effectively a method of borrowing to acquire equipment or vehicles, with lessee payments covering the asset's full value plus interest over the lease term.
Tax-Oriented Lease
This is a leasing arrangement in which the lessor retains ownership of the asset and enjoys tax advantages, such as deductions for depreciation, while the lessee benefits from using the asset.
Third-Party Lease
A contractual agreement where an outside party becomes the lessor, leasing assets or property to the primary party, commonly utilized in equipment and property rentals.
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