When people do not own the resources they use, they tend to do what?

Question

Kenley Whitaker

Social Studies

6 December, 04:45

When people do not own the resources they use, they tend to do what?

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Chad · Answer 1

When people do not own the resources they use, they can use a lease agreement.

This type of contract establishes a legal relationship between the leesee (the user of the resource) and the lessor (the owner) for the use of a specific asset. Usually a rental payment is establihed in return for using the underlying resource. Anyway, the two parties can reach the agreements they consider necessary to bind properly their relationship. Properties, building, vehicles and also industrial property or equipment for a company can be leased.