Leasing's a process by which a firm can obtain the use of a certain fixed assets for which it must pay a series of contractual, periodic, tax deductible payments. The lessee's the receiver of the services or the assets under the lease contract and the lessor's the owner of the assets. The relationship between the tenant and the landlord's called a tenancy, and can be for a fixed or an indefinite period of time (called the term of the lease). The consideration for the lease's called rent. Under… (More on Leased)