Leasing is a method of finance that grants the tenant the right to use an investment asset owned by the leasing firm in return for rent payments. Ownership is then transferred to the tenant at the end of the contract.
Leasing must be based on a financial leasing contract. In financial leasing, the right to ownership of the asset subject to financial leasing belongs to the lessor (Kuveyt Türk) and the right to use it belongs to the lessee; and the right to ownership is transferred to the lessee at the end of the contract with a transfer fee.
The asset subject to leasing can be procured by a third party in accordance with the request and choice of the lessee. Apart from the procurement of the asset from a third party, the lessor first sells its asset to Kuveyt Türk and then Kuveyt Türk leases the same asset to the lessee (sale and lease back model).
LLeasing plays an important role in increasing productivity and profitability by enabling firms to invest their operating capital in other needs, through the use of leased goods instead of direct purchases.
According to Financial Leasing Law, movables and real estates can be leased. In general, any property that retains its inherent features, regardless of supporting parts or subsequent add-ons/extensions, may be the subject of a lease contract alone. Apart from these, except for reproduced copies of computer software, intellectual and industrial rights such as patents cannot be subject to financial leasing contracts. You can access many of the products that can be subject to Leasing.