2. Leasing in West Africa, Afrolease, Volume: Edition 1,P.10 Leasing is a way for underwriters (clients) to save capital since they actually receive 100% financing. Depending on the structure of the lease, the risk of ownership, for example. B the possibility that the product becomes obsolete, can be transferred to the lessor. Finally, a written agreement protects future disputes between two parties who take legal action on unspoken titles in a right to prejudicial possession in the event of confusion over the ownership of the country. Land leases may have several variations. Most of them take the form of written contracts. However, because the individuals involved often know each other personally and have been in business for a long time, some of the agreements are not written down. In such cases, enforceable leases may be implied or communicated orally by the actions of each party. Commercial land rentals may deviate from the possibility of installing a billboard, building a telecommunications tower (i.e. being used for wireless mobile reception), opening a fast food chain restaurant or developing a large multi-storey hotel complex.
Strictly speaking, this is not a lease agreement, because the possession of the aircraft and flight crew for the performance of flights which, in the absence of a flight crew and own flight crew, would be operated by the taker as part of its operating licences, is called “wet leasing” 22 23. Ebd. n 22 supra. A useful definition of a leasing-financing contract in the Accounting Practice No. SSAP21 standard, which deals with the accounting of leases and leases published in 1984 by the Accounting Standards Committee of the various accounting offices in the United Kingdom and Ireland. Under this definition, a financing lease is “a lease agreement with divestitures for the most part of all the risks and income of ownership of an asset on the taker.” It can be assumed that such a transfer of risk and income occurs when, at the beginning of a lease agreement, the present value of minimum lease payments, including potential upfront payments, is essentially the entire value of the leased asset (normally 90% or more). The current value should be calculated using the interest rate implied in SSAP21 (1984). See also Volume 25 (2) 2003; Please re-expose THE CREDIT-BAIL. A shore lease that has attracted a lot of attention is the 60th anniversary of President Trump`s lease with the U.S. General Services Administration for the Old Post Office, which now houses the Trump International Hotel Washington D.C. A provision of the lease stipulates that no elected U.S.
official may be a party to or benefit from the lease, which President Trump is doing in violation of the agreement. (iv) the lease obligation on the underwriter in a financing lease is irrevocable and independent, while the parties may revoke the obligations for other leases. In general, most leases do not have structures and the tenant can build a temporary structure that he pays for himself.