The term sometimes refers to a special case of rental within the meaning of Article 2A of the Uniform Commercial Code (in particular § 2A-103 paragraph 1 letter g). This leasing recognizes that some lessors are financial institutions or other commercial organizations that lease the assets in question solely as financial housing and do not wish to have the collateral and other entanglements normally associated with the leasing contracts of companies that are manufacturers or resellers of those assets. Under a UCC 2A finance lease, the lessee pays the payments to the lessor (and must do so, regardless of a defect in the leased property – this obligation is usually included in a “hell or flood” clause), but any claim related to defects in the leased property can only be brought against the actual supplier of the goods. UCC 2A finance leases are generally easy to identify as they usually include a clause explicitly stating that the lease is to be considered a finance lease under uCC 2A. What happens at the end of the primary finance lease period varies and depends on the actual agreement, but the following options are possible: An equipment lease includes certain conditions that form the basis of the contract. Some of these conditions may be: It is no longer necessary for the contract to be executed by a notary public. Finance leases may be concluded in writing. Immovable and movable property leased under leasing contracts is registered or registered in the Land Register, where applicable in the Special Registers of Movable Property, and declared to the Association of Leasing, Factoring and Financing Companies[i] (the “Association”). Movable property that is not entered in a special register is entered in the special register to be kept by the association. The register to be kept by the association shall be accessible to the public; and therefore, persons who are not parties to the finance lease cannot claim that they were not aware of a lease notice. Good explanation.

However, I do not understand that in the case of leasing, you do not make it clear that the tenant becomes the owner of the property at the end of the lease term??. Only from the moment he pays the last rent. Not all leases are created equal, but there are some common features: rent amount, due date, tenant and owner, etc. The landlord requires the tenant to sign the lease and thus agree to its terms before naming the property. Commercial property leases, on the other hand, are usually negotiated in agreement with the particular tenant and usually run from one to 10 years, with larger tenants often having longer and complex leases. .