40 ISSUES: 1. Rent/Lease

Anything that a business may rent or lease. (i.e. building, furniture, vehicle, or equipment.)

  • Length of contract. Is it 2 years, 3 years, 5 years?
  • What are the conditions of the contract?
  • Are there escape clauses? could they work to the company's detriment?
  • What warranties are in effect? Do they promise replacement or repairs?
  • What are my duties and responsibilities and those of the company concerning the renting/leasing? Can I live with this division of responsibilities?
  • Is it a lease-to-own or simply a lease?
  • Do I have policies and procedures in place that will work for me?



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