Leasing As A Source Of Fund For Corporate Entities

CHAPTER ONE INTRODUCTION1.1 Background to the Study Leasing is a contract existing between the lessee and the lessor in which the lessor offers equipment or property to the lessee for rent at an agreed installment payment over a given period of time. The lessor retains ownership while the lessee enjoys the benefit of using the equipment or property over the period. Leasing is specially contracted for the use of land and equipment and it is as old as modern civilization. The responsibility of maintaining the leased asset lies with the lessor Leasing Properties provides the access to assets requ…