Glossary

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There are currently 2 names in this directory beginning with the letter O.
Operating Lease
Operating Lease - An agreement between leasing company (lessor) and business (lessee) to use an asset for an agreed lease contract period that is usually less the working life of the asset but for a period in line with the needs of the business for example, to fulfull a contract. The lessee does not have ownership of the asset and is usually responsible for the maintenance, repairs and insurance. At the end of the lease contract period, the lessee hands back the asset.

Over-rented
Over-rented - Rent being achieved for the property is in excess of the current market rentals.