Lease Rent & lease premium
This query is : Resolved
Abizer Y. Khambaty
(Querist)
30 August 2010
Hello everyone,
could any one please let me know the difference between 'lease rent' and 'lease premium'.
could any one please let me know the difference between 'lease rent' and 'lease premium'.
31 August 2010
Lease Rent is something you pay every year / month to the Lessor.
Lease Premium is a one time payment that you pay to obtain the lease.
E.g. You are leasing a land from Mr. X who says " Down payment 1 lac and annual rent 10,000". 1 lac is lease premium and 10,000 is lease rent.
Lease Premium is a one time payment that you pay to obtain the lease.
E.g. You are leasing a land from Mr. X who says " Down payment 1 lac and annual rent 10,000". 1 lac is lease premium and 10,000 is lease rent.
Abizer Y. Khambaty
(Querist)
24 May 2013
Thank you!!
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