Duration: calculatory duration– based upon anticipated usage period.
Non-terminable minimum duration (40% of the depreciation period according to leasing regulation), thereafter terminable
Installments: monthly expenses are fully tax-deductible
Liability for material defects: entitlements are transferred from lessor to lessee
Accounting/depreciation: depending on accounting principles.
HGB on the side of the lessor
US-GAAP in case of an operating lease on the side of the lessor
IFRS in case of an operating lease on the side of the lessor
Expiration of contract: in case of termination a final payment equal to the remaining installments till the end of the calculatory duration is due, at the earliest after reaching the non-terminable minimum duration period.