The exclusion of the guarantee should not be limited. It should be clear that between the lessor and the lessor, the tenant (the party that chose the equipment) is solely responsible for the failure of the equipment as justified to operate. If there is a problem, the tenant should contact the seller directly and not the landlord. The lessor assigns the lessor all the rights that the lessor has to guarantee, at least as long as the taker is not late in the lease and for the duration of the rental period. The tenant should not sue the lessor for damage caused to the lessor`s activity by the failure of the equipment, i.e. the tenant should not have the right to have consecutive damages, etc. Among the challenges we face when selling leasing to executives who are not familiar with sophisticated equipment financing is the task of explaining how our equipment leases differ from supplier leasing or vendor-financed fixed-rate financing. This article discusses certain aspects of the financing of external equipment and the statements and arguments that could be presented to the uninitiated and their lawyers. A supplier program includes a working relationship between an equipment vendor and a source of financing in which the leasing financing of the purchase of the product is provided directly by the equipment manufacturer or distributor or indirectly by a bank, a related or independent lessor that supports the leases. Captives naturally play a crucial role in the leasing programs of many device manufacturers and distributors, while independent lenders and lenders actively support supplier programs by taking over supplier leases and purchasing large volumes of business through supplier programs. Any bank, independent or independent lender that leases and offers leasing financing with the sale of equipment is a sales renter. Suppliers typically offer leasing through their prisoners or as a business source leasing broker to leasing insurers by introducing their customers to them. With regard to leasing, the customer relationship is paramount for borrowers, while the main objective of lenders is to finance only creditworthy clients who are less important to customer relations.
The final commitments of the taker are an essential part of a financing lease. In order for the lessor to be able to offer the lessor the benefits of an assumed residual value, i.e. that the lessor must not only withdraw 100% of his investment by rent at a high interest rate, the lessor needs contractual protection measures to help him realize the supposed residual value of a third party at the end of the life term , if the tenant decides not to buy the equipment. In general, these safeguards include the knowledge that the equipment has been returned for sale; The landlord bears the return costs; and that the equipment be returned, if necessary, as part of the lease agreement and at the place designated by the owner; Barry S. Marks, CLP is a founding partner of Marks and Weinberg, PC. He is co-www.leaselawyer.com and a regular lecturer on economic and trade issues. Marks graduated from Emory University in 1974, earned his J.D. in 1976 with high honors from the University of Florida, and earned his LLM in 1985 at Emory University Taxation. Kenneth P. Weinberg is a founding partner of Marks and Weinberg, PC. Weinberg has extensive experience in managing almost all types of leasing and equipment financing.
Since 2002, he has written Dispatches From the Trenches and regularly publishes articles in a variety of equipment rental and financing magazines.