Today leasing is very popular. Instead of buying your car, you can
lease it. When the lease expires, you return the old car to the dealer
and you can lease a newer model. One reason that leasing is so popular
is that a smaller amount of money is required up front and monthly
payments are low. This is a very appealing concept to many people.
We lease houses, mobile homes, apartments and even the things inside
them. People lease steamers for drapes and carpet cleaners and floor
polishers to keep their floors clean as new. If you can’t afford to
purchase all your appliances and furniture, you can lease them. Some
homeowners buy a second house, fix it up and then lease it out to
others. This can be particularly profitable if you have your second
house at a desirable location, such as the shore or in the mountains.
We also lease things for their entertainment value. For a child’s
birthday party, parents rent clowns, ponies and magicians for hours at
a time. Local pools can be rented for an afternoon, after regular pool
hours or a day. Many restaurants offer space to lease for lunches for
children. Some movie theatres provide space in the lobby area and
special price arrangements for children celebrating their birthdays by
going to the movies. For an adult occasion, portions of restaurants and
halls can be leased and catering services engaged. Weddings, bat/bar
mitzvahs, graduation parties and reunions require leasing many items.
Aside from the hall or huge tent at an outdoors event, silverware,
linens, tables, chairs and audio visual equipment are leased. A wedding
involves a number of leased items, including the church, florist,
catering, supplies, DJ, photographer and the groom’s and best men’s
tuxedos.
Steam shovels, cement mixers, trucks, graders, loaders, bulldozers and
cranes are just some of the equipment needed when constructing a new
building. Because they are not needed once the building is completed,
builders lease the machines for the duration of the time they are
needed. Another advantage to leasing equipment is that if a piece of
equipment breaks down, the builder does not incur any additional costs
to repair or replace it. Most leases usually include service, repair,
maintenance and replacement of all leased equipment.
Once buildings are completed, the owner will lease out the interior
space to help recoup the cost of the building. For this, he or she may
lease the services of contractor to build the rented space to the
occupant’s needs. The occupant, in turn, may decide to lease the
equipment needed to run the business. Telephones, fax machines,
computers, printers, scanners, and copiers are often leased because the
lease contract covers installation, service, instructional classes and
upgrades of all equipment. This is essential for companies in the
information technology market.
After they are established, businesses might lease a restaurant,
museum, symphony hall, zoo or even Sea World to impress their clients.
Rooms, tables, chairs, linens, podiums, glassware, catering and
audiovisual equipment are leased to meet the client’s needs. The lessee
needs to do nothing, except show up in the right place at the right
time.
