Maturing leasing contracts

A leasing company normally informs the lessee (in the case of sales leasing also the supplier) of the imminent contract termination several months before expiration of the leasing contract. This enables the lessee to come to an agreement with the lessor or the sales partner (sales leasing) on the subsequent use of the leasing object. There are several possibilities: a contract can be extended, a purchase option can be exercised, the lessee can purchase the object (i.e. the lessor exercises his right to tender), the object can be returned (obligation to return) and used by the lessor/supplier on the market.