Payments are spread over several months, until the expiry of the rental period, or when the tenant takes ownership of the equipment if there is an agreement with the lessor. Thereafter, the contract must be registered with the device rental registration authority no later than 14 days after the start of the equipment rental contract. The registrar issues a registration certificate at the end of the registration process. A contract for the operation and exploitation of an asset without ownership is a contract for the lease of property. Common leased assets include real estate, cars or equipment. Leasing and non-holding allow companies not to recognise an asset on their balance sheets by treating them as operating costs. is generally cancellable in the short term and before the expiry of the rental term. . .