In the present day scenario, personal leasing has become a good option for those who do not want to put their house on the market and also do not want to buy it. A personal lease allows the person to let out his property to a leasing company for a fixed time period which can range from a few months to a few years, at a particular rate of rent. The lessee can either stay in his house or buy it after his contract expires; however, he has to make monthly payments for his usage of the house- leasing personnel
A personal lease usually comes with a number of facilities like free installation, free long distance calls, free maintenance, free insurance, and free parking. The best thing about personal leasing is that the person can choose where he wants to stay by putting his property on the lease table. Usually, when you are choosing your house to be put on the lease, you will be given a certain amount of excess mileage to be paid by the owner. However, most companies that provide such services now require the owner to pay the excess mileage fee, as per a new regulation approved by the Federal government.
The best part about personal leasing is that you will enjoy a lot of benefits and advantages. The first advantage is that you don’t have to worry about financing your car, as leasing companies provide a facility to finance your vehicle on credit basis. This means that your interest rate will be lower than that of an auto loan. Personal leasing also offers you low down payments and no credit check personal exemptions. Moreover, the leasing company also provides free insurance and other services for the lessee while he is using your car. Last but not the least, you will enjoy tax benefits as per the present regulations.