Question

_____________ allows the user to use the asset for a limited period or almost the full economic life even without owning the asset
Joint venture
Consignment
Lease Agreement
Non rental

Answer 1

Lease Agreement allows the user to use the asset for a limited period or almost the full economic life even without owning the asset.

• The lease agreement is simply a contract between the landlord and the tenant stating how much the tenant will pay each month in rent and for how long. Leasing agreements, like many contracts, often intimidate other people because too much of the language in the contract can be confusing.
• The lease agreement describes and provides details on the obligations and obligations of the landlord (tenant) and the landlord (tenant). It explains what the landlord and tenant have agreed on in terms of the length of the lease, how much the monthly rent will be, and who will be responsible for the property.

Answer 2

Option C is correct i.e. Lease Agreement.

• Lease Agreement allows the user to use the asset for a limited period or almost the full economic life even without owning the asset.

• Lease Agreement is a agreement between lesser and lesee , which allows the user to use his asset .

• It is an agreement in which the one who is using the property have to pay some minimum rent to the owner for using his asset .

• Lease Agreement is agreement made between owner and user for some specific period of time and in return they will get minimum rent.