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Message: <blockquote data-quote="AccountsBuwa" data-source="post: 23244034" data-attributes="member: 563816"><p><span style="color: Blue"><span style="font-size: 15px">In leases, there are mainly two types, finance leases and operating leases. In finance leases, ownership is generally transferred to the lessee at the end of the lease term (this is normally the case in vehicle leases). In operating leases, the asset is not generally transferred to the lessee at the end of the lease term.</span></span></p><p><span style="color: Blue"><span style="font-size: 15px"></span></span></p><p><span style="color: Blue"><span style="font-size: 15px">Rent is similar to operating lease where you pay an agreed sum periodically to utilize some asset or in your case, a building. Building ownership is NOT generally transferred at the end of the (operating) lease/rent term.</span></span></p></blockquote><p></p>

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