The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

NON-TAX LEASE Definition & Legal Meaning

Definition & Citations:

A sales contract that is conditional, wherein the transfer of an asset is considered to be a loan, with the owner acting as the lenderand the tenant acting as the borrower. Thus, the owner is only eligible to claim the interest portion of the lease payment for expenses.

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