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What is an "Equity Lease"?


I work as an office manager and we are leasing new equipment - the proposal says, " 36 Month Equity Lease ". Is this the same as a "FMV - Fare Market Value" lease?

A type of joint venture arrangement in which an owner enters into a contract with a user who agrees to occupy a space and pay rent as a tenant, but at the same time, receives a share of the ownership benefits such as periodic cash flows, interest and cost recovery deductions, and perhaps a share of the sales proceeds.

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