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Nov 30, 2011 at 02:27 PM

Lease/Rent assets


Hi All,

We have the follow business scenario where some assets (ie: construction machinery, transformer...) are leasing/rent. The highlight of the business scenario are:

  • The assets will remain the property of landlord before, throughout and after the lease/rent period.

  • The assets is shipped to the tenant location.

  • The first payment of the lease/rent is due before the customer picks up the assets.

  • Lease/rent periods are expected to be between 5 to 12 months.

  • Once the lease/rent term is over, the assets go back to the landlord.

If somebody worked or have idea of similar scenario, I will appreciate you share your experience, how do you implement the solution and so on...

Thanks in advance,