Sentences with phrase «certain lessees»

Certain lessees will be able to terminate their leases without penalty, and certain owners will also be excused from loan obligations, according to the Plaintiffs» Committee for Volkswagen «Clean Diesel» Litigation.

Not exact matches

Situations that would normally lead to a lease being classified as a finance lease include the following: the lease transfers ownership of the asset to the lessee by the end of the lease term; the lessee has the option to purchase the asset at a price which is expected to be sufficiently lower than fair value at the date the option becomes exercisable and that, at the inception of the lease, it is reasonably certain that the option will be exercised; the lease term is for the major part of the economic life of the asset, even if title is not transferred; at the inception of the lease, the present value of the minimum lease payments amounts to at least substantially all of the fair value of the leased asset, and; the lease assets are of a specialised nature such that only the lessee can use them without major modifications being made.

However, the sublessee might only be interested in taking over a certain part of the lease (e.g., say, month 5, 6, 7 and 8 of a 12 - month lease), and would not be interested in taking over the whole lease, thus having to find another lessee for months 9 to 12.

The basic legal structure of many [European] countries gives certain rights to the lessee, which can make it hard on the lessor.