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Operating lease and Rent

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(Querist)
23 October 2022 What are the differences between Operating Lease and Rent?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 October 2022 The lessee pays lease rentals to the lessor while the tenant pays rent to the landlord. The expenses for repairs and maintenance is borne by the lessee when there is a finance lease, but in the case of operating lease, such expenses are borne by the lessor.
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