Post by account_disabled on Dec 24, 2023 1:12:34 GMT -5
Afrom the viewpoint of the lessee a leasing agreement is normally a substitute for acquisition of the ownership of the subject matter of the leasing agreement it allows him to use it as if he were its owner without having to pay the full purchase price immediately on the other hand the instalments paid by the lessee or by several consecutive lessees during the lease term must as a rule cover the costs of acquisition depreciation and financing of the subject matter of the leasing agreement by the lessor.
The transfer to the lessee of ownership of the subject matter of the Country Email List leasing agreement on its conclusion may but does not have to be an element of the agreement. Most frequently leasing agreements contain an option to purchase. This is a unilateral undertaking by the lessor to transfer ownership of the leased asset to the lessee in the event that the latter exercises this option and satisfies the terms stipulated in the agreement for that purpose. These terms include as a rule the requirement to pay a specific amount which may vary considerably ranging from often symbolic amounts to a significant portion of the value of the subject matter of the leasing agreement. . According to the caselaw of the.
Court a leasing agreement should as a rule be regarded as a supply of services. However in the Eon Aset Menidjmunt judgment and by reference to that judgment in the NLB Leasing judgment the agreement may constitute a supply of goods. The Court ruled in those judgments that where a leasing agreement provides either that ownership of the subject matter of the leasing agreement is to be transferred to the lessee on the expiry of that agreement or that all the essential powers attaching to ownership.
The transfer to the lessee of ownership of the subject matter of the Country Email List leasing agreement on its conclusion may but does not have to be an element of the agreement. Most frequently leasing agreements contain an option to purchase. This is a unilateral undertaking by the lessor to transfer ownership of the leased asset to the lessee in the event that the latter exercises this option and satisfies the terms stipulated in the agreement for that purpose. These terms include as a rule the requirement to pay a specific amount which may vary considerably ranging from often symbolic amounts to a significant portion of the value of the subject matter of the leasing agreement. . According to the caselaw of the.
Court a leasing agreement should as a rule be regarded as a supply of services. However in the Eon Aset Menidjmunt judgment and by reference to that judgment in the NLB Leasing judgment the agreement may constitute a supply of goods. The Court ruled in those judgments that where a leasing agreement provides either that ownership of the subject matter of the leasing agreement is to be transferred to the lessee on the expiry of that agreement or that all the essential powers attaching to ownership.