Rent (Operating Leasing)

Rent or operating leasing is a short-term lease contract in which normally the contract period is shorter than the useful economic life of the leased asset. The rent company usually pays all maintenance & servicing costs of the leased asset.

Rent is very similar to classic version of commercial renting.

Main characteristics of Rent:

• The rent company bears all risks & rewards, connected with the ownership of the asset.
• The asset is booked by the rent company.
• The client is entitled to deduct the full amount of the rentals from its taxable profit.
• Upon the termination of the contract, the leased asset it is returned to the rent company & the contract can be renewed for another asset.
• The client is giving at the beginning of the contract a deposit (usually 20% of the net price of the asset). This amount is returned to the client upon the termination of the contract.
• VAT (18%) is paying through rentals.
• Rent does not appear in Credit Bureau Report.

  Telephone / Fax

+381 11 222 8 600 +381 11 222 8 601

WHY PIRAEUS LEASING

Based on its highly skilled staff and investing on its continuous amelioration, Piraeus Leasing is determined to provide its customers the highest possible level of services.

Piraeus Leasing is in very cloose cooperation with the branch network of Piraeus Bank, where the potential clients can buy all its products & services.

  Search for: