The main concept of leasing is based on Ejara Leasing Company (the lessor) acquiring fixed assets and leasing them to the customer (lessee) in return for agreed payments (premiums). This allows the lessee to use and benefit from the asset during the lease period, with the option of ownership at the end.
At the end of the lease term, the lessee usually has several options, depending on the agreement:
- Own the asset by completing the transfer of ownership.
- Return the asset to Ejara Leasing Company.
- Renew the contract under new terms and conditions.
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