What is Joint Tenancy?
Joint lease is a combination of trust and financing lease. Joint leasing means that a number of leasing companies with financial lease qualifications provide lease financing for the same financial lease project. Leaded by one of the leasing companies. Both the relevant sales contract and the financial lease contract are concluded by the lead person.
Joint lease
Right!
- Chinese name
- Joint lease
- Leader
- One of the rental companies
- Features
- Combination of trust and financing lease
- Advantages
- Leasing company provides lease financing for the project
- Joint lease is a combination of trust and financing lease. Joint leasing means that a number of leasing companies with financial lease qualifications provide lease financing for the same financial lease project. Leaded by one of the leasing companies. Both the relevant sales contract and the financial lease contract are concluded by the lead person.
- Joint lease
- The method is that a financial leasing company conducts the financial leasing transaction as the lessor, but part of the lease financing amount comes from one or more other financial leasing companies. Their mutual relationship is still the relationship between the trustee and the principal. This is a cooperative method of benefit sharing and risk sharing among financing leasing companies when undertaking large-scale financing projects.
- Each leasing company bears the risks of the financial leasing project and enjoys the benefits of the financial leasing project in proportion to the amount of lease financing provided. Each leasing company has entered into a joint leasing agreement with the leasing company acting as the lead to reflect the fiduciary trust relationship. The sales contract between the lead and the seller and the financial lease contract with the user company are no different from similar contracts in the financial lease business at their own risk.