1. Straight Sale
The customer can purchase the modular building for a fixed amount. If the modular building is on lease it can also be purchased at the end of the lease term for either a fixed amount or at the future fair market value of the leased equipment .
2. Finance Lease with a $1.00 buy out
The Finance Lease allows the customer after the end of term to acquire the modular building at the predetermined $1-Buy Out purchase option.
The Finance Lease is a 100% financing of the asset to be acquired and/or any ancillary costs. Ancillary cost can be the following; Engineering, General Contracting, Electrical, Plumbing, Steps/Ramps, Sidewalks....... Therefore allows the customer to complete the investment without capital outlay .
The ownership of the modular building transfers to the lessee at the end of the term.
3. Operating Lease
The Operating Lease allow the customer to make rental payments for a fixed term, during which no equity accrues on the modular building.
At the end of the lease term, the Customer may either renew the lease or return the modular building to the leasing company.
The Lessee is responsible for 3 items while renting the building. Replacing air filters on a monthly basis, replacing any light bulbs and reporting and other service item immediately so it can be address immediately from causing any further damage. Some service contracts may be written different depending on the type of building and scope of work perform on the project.
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