In the accounts, there are different types of leasing contracts. The terms of the lease determine how the transaction is accounted for in the entity`s annual accounts. Types of leasing include leasing, capital leases, leases and balances. The lease must indicate the amount of rent due and the date on which it is due. It is important to include the total amount of rent due for the duration of the lease and then break it down according to the amount due per month. A lease agreement should be accompanied by a licence which may entitle a person (called a licensee) to use the property, but which may be terminated according to the will of the owner of the property (referred to as the licensor). An example of a license-licensee relationship is a parking lot owner and a person parking a vehicle in the parking lot. A license can be seen in the form of a ticket to a baseball game or an oral permission to sleep a few days on a couch. The difference lies in the fact that, where there is a duration (maturity), a level of privacy that indicates the exclusive possession of a clearly defined party, current and recurring payments, the absence of the right of termination, except in cases of fault or non-payment, tend to a lease agreement; On the other hand, a single entry into another person`s property is likely a license.
The pioneering difference between a lease and a license is that a lease usually provides for regular payments during its term and a given end date. If a contract does not have a deadline, it can take the form of an open-ended licence and is still not a lease. A lease is a contractual agreement that obliges the lessee (user) to pay the lessor (owner) for the use of an asset.  Real estate, buildings and vehicles are common assets that are leased. Industrial or commercial equipment is also rented. Lana, who has not been able to prepare a meal without a stove in the past two weeks, decides to move. She leaves a voice message and sends an SMS to her landlord, in which she tells him two days in advance that she is moving and asks for the refund of her deposit. . . .