A lease is a special contract between the lessor (the owner) and the lessee to use property or goods. A lease can be for land and buildings, office space and motor vehicles. Leases are also available for plant & equipment such as shop fittings, photocopiers and telephone systems.
Business owners should understand:
The lessor is usually responsible for maintaining leased property. Ensure you have adequate insurance cover.
A lease is a legally binding document. Always obtain legal advice before signing a lease.