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    What are the advantages to a lessee in leasing rather than purchasing property?

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    Leasing is a contract conferring a right on one person (called lessee) to possess property belonging to another person (called lessor) to the exclusion of the owner landlord (Wikipedia, 2009). Lease is a contract under which a lessor, the owner of the assets, gives right to use the asset to a lessee, the user of the assets, for an agreed period of time for a consideration called the lease rentals.

    Hence ...

    Solution Summary

    Response compares leasing vs purchasing.