Net Lease of Equipment as Personal Property with Option to Purchase is a type of lease agreement in which a piece of equipment is leased from a lessor to a lessee for a specified amount of time, with an option to purchase the equipment at the end of the lease term. This type of lease is commonly used for businesses that need short-term access to equipment and do not wish to purchase the equipment outright. The most common types of Net Lease of Equipment as Personal Property with Option to Purchase are: 1. Fair Market Value Lease: In a Fair Market Value Lease, the lessee has the option to purchase the equipment at the end of the lease term for the fair market value of the equipment. 2. Fixed Purchase Option Lease: In a Fixed Purchase Option Lease, the lessee has the option to purchase the equipment at the end of the lease term for a predetermined price. 3. Right of First Refusal Lease: In a Right of First Refusal Lease, the lessor has the right to purchase the equipment at the end of the lease term before the lessee can purchase the equipment. 4. Right of First Offer Lease: In a Right of First Offer Lease, the lessee has the right to purchase the equipment at the end of the lease term before the lessor can purchase the equipment.
Net Lease of Equipment as Personal Property with Option to Purchase
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