LessonsLeasing (إجارة): Late Payment, Termination and Ownership at the EndQuiz

A widely used alternative is a separate unilateral promise by the lessor that, after all rentals are paid, he will sell or gift the asset to the lessee if the lessee chooses to take it.

The promise remains outside the lease and binds only the promisor. The lessee is not forced to purchase merely because he entered the lease.

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The Alternative: A Separate Unilateral Promise

Leasing (إجارة): Late Payment, Termination and Ownership at the End

A widely used alternative is a separate unilateral promise by the lessor that, after all rentals are paid, he will sell or gift the asset to the lessee if the lessee chooses to take it.

The promise remains outside the lease and binds only the promisor. The lessee is not forced to purchase merely because he entered the lease.