Leasing contract	Terminale leasing contract	Partial amortization contract	Rent contract Public sector rent contract*	Hire-purchase contract
Duration**	15 - 32 months	Starting at 15 months	15 - 32 months	variable	variable
Install- ments/ Rent payment	monthly expenses are fully tax deductible				along with the first installment, the VAT amount over the total sum of installments is due
Liability for material defects	entitlements are transferred from lessor to lessee			lessor ensures that rental property is fully functional	entitlements are transferred from lessor to lessee
Accounting / depreciation	on the side of the lessor			on the side of the lessor	on the side of the hire-purchaser
Expiration of contract	Return of systems, extension or buying option, basis for calculation is current market value	Final payment towards remaining installments in case of cancellation (earliest after 15 months)	Put option for the lessor at calculated residual value	Not designed to contain a buying option. However, legally an option	Through payment of the final installment, legal property is transferred to the hire-purchaser
* Special conditions apply for rental of IT systems an equipment. ** Depending on fiscally defined depreciation period. In this case a depreciation period of 3 years was assumed.