Types of LeasesCapital Lease: Typically, a full-payout, non-cancelable agreement which is accounted for on the lessee's books as a purchase.Operating Lease: Typically, a full-payout, non-cancelable agreement which is accounted for on the lessee's books as a deductible expense. Master Lease: A long term contract where the lessee leases currently needed assets and is able to acquire additional assets under the same terms and conditions without negotiating a new lease. Deferred Payments Lease: Lessee makes one monthly payment followed by a number of minimal, .stay-in-touch. payments before assuming the full monthly payment amount (usually 90 days). |