What Documents Are Needed To Register A Lease

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What Documents Are Needed To Register A Lease
What Documents Are Needed To Register A Lease

Video: What Documents Are Needed To Register A Lease

Video: What Documents Are Needed To Register A Lease
Video: വസ്തു വാങ്ങുമ്പോൾ നിങ്ങൾ ഇതൊക്കെ ശ്രദ്ധിക്കാറുണ്ടോ | Kerala land registration 2024, March
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In the context of a shortage of own funds and limited access to long-term credit resources, leasing is one of the most attractive ways to purchase expensive equipment. It is a financial lease with the option of subsequent purchase of equipment.

What documents are needed to register a lease
What documents are needed to register a lease

It is necessary

  • - documents on the subject of leasing;
  • - legal and registration documents for the lease recipient;
  • - financial statements.

Instructions

Step 1

The documents required for leasing can be divided into several groups. These are documents on the subject of leasing, as well as on the lessee. In order to make a financing decision, a leasing company often requires documentation on the proposed lease object. This can be equipment, vehicles, cars, etc. First of all, it is necessary to provide technical documentation, which indicates the manufacturer, brand and model of the leased asset, its cost, delivery terms and other conditions of the future transaction. The company may also be required to confirm its experience in this area and the performance of work on the equipment that will be the subject of leasing.

Step 2

Often the company is required to provide a business plan or feasibility study that reflects the economic efficiency and cost recovery during the lease period. It is also necessary to indicate whether any advance payments for equipment (machines) have already been made, and to document this.

Step 3

The second type of requested documents relates to the lessee. They can be divided into two groups - legal and financial. As part of the legal package of documents, information is requested on its activities, including such parameters as the company's operating time on the market, its address, a list of branches, the number of personnel, etc.).

Step 4

As in obtaining a loan, a company that is applying for a lease must be able to prove its ability to meet its debt obligations. The financial statements of the company will serve as the information and analytical basis for the assessment. It is believed that monthly lease payments should not exceed 20-30% of the proceeds received. In addition, information on the company's accounts payable to counterparties is provided separately. To confirm the financial stability of the company, it is often required to provide contracts with counterparties for future deliveries.

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