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Who is responsible for maintenance, insurance, property tax and other operating expenses?

April 26, 2017expenses Insurance maintenance operating responsible

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Who is responsible for maintenance, insurance, property tax and other operating expenses?

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A tax-exempt lease is a ‘net lease,’ which means that the lessee is responsible for these types of expenses. However, the lessee may contract with the equipment supplier to provide maintenance and other services. These costs may be included in the financing.