What are the storage and maintenance requirements for property acquired under a leasing agreement?

The lessee must store and maintain the leased property according to the manufacturer's specifications. The lessee must also observe health and fire regulations. Being the owner of the equipment GLAVLEASING.RU has a right to visit the customers' premises to check the equipment and it maintenance conditions.

On whose balance is the leased property?

According to the Russian legislature and GLAVLEASING.RU business practice the leased property can be either on yours or on our balance depending on the terms of the agreement. Normally it is included in our balance to facilitate your accounting.

What shall we start with to obtain a lease?

Prior to signing a leasing agreement with our company you are expected to send us a preliminary application. After receiving the application our specialists will be able to make a preliminary evaluation of your project and make an initial offer. Then we will help you to prepare a set of documents required or a leasing agreement, choose a suppler, decide on the price, terms of the leasing agreement, etc.

How long can it take you to consider our application?

After you fill out the application form специалисты GLAVLEASING.RU specialists will make a preliminary evaluation of your project, which may take about 24 hours. After we analyze and consider the full set of documents we will give you an answer concerning our readiness to conclude a leasing agreement or a well-grounded refusal to do so. It generally takes less than 2 weeks between the receipt of application and the moment the machinery is transferred to the lessee.

Is it compulsory to provide additional collateral (bail or a bank guarantee)?

Generally, additional security is not a prerequisite for a leasing agreement as the property provided to the lessee continues to be owned by the lessor until all the leasing payments are completed. Therefore the necessity to include the conditions of providing additional security into the leasing agreement occurs only if the subject of the agreement (the leased property) is unmarketable and it will be difficult for the lessor to sell it should the agreement be terminated.

Can your company find a supplier of the required machinery or equipment?

Yes, we can help you choose a supplier among our partners.

Who bears the risks, if the property becomes unusable?

After the lessor transfers the property to the Customer , the latter shall bear the risks arising from the destruction, ruin, theft, loss, or damage of the property, losing consumer qualities. The lessee undertakes to provide maintenance, overhaul and maintenance of the property at their own expense. The Customer is responsible for the preservation of the property and its use in compliance with the manufacturer's specifications. The subject of the leasing contract must be insured against risks of damage and ruin. The insurance agreement is signed by our company with one of the leading partner insurance companies.

Who chooses the subject of a leasing contract and the suppleer?

According to the Russian legislation it is generally the lessee that chooses the seller and the property. However, depending on the terms of the agreement this function can be assumed by the lessor.

Are leasing payments pegged to a certain currency or not?

As is the GLAVLEASING.RU established business practice, leasing payments are pegged to the currency of the agreement, which can be the euro, the dollar, or the ruble, but according to the law of the RF, payments are made only in rubles.

What is leaseback and how does it work in practice?

Leaseback is a type of lease, whereby one entity act both as the lessee and and the equipment supplier. The lessee sells their property to a leasing company, the latter leases it to the seller (i.e. back to them). As a result, the equipment is not transferred and continues to be used by the lessee. At the same time the lessee obtains the funds for the equipment sold, which can be used as is thought appropriate. The equipment is acquired by a leasing company at a discount of, for instance, 25-30% of its cost. Upon the expiration of the leasing agreement, providing all the leasing payments have been made, the lessee regains the ownership of the property.

Can our company sign a leasing agreement prior to the expiration of the first agreement?

Yes, if your company already has a leasing agreement with JSC GLEAVLEASING and you make the leasing payments on a regular basis, you can sign a new agreement.

What kind of property can be leased - only new or used as well?

Both new and used property can be leased. The е в эксплуатации имущество. The useful life of the property must exceed the term of the leasing agreement.

How can the amount of leasing payments be calculated for the property we are interested in?

You can download an application form from this site, fill it out and contact us in the way that best suits you.

Where can I get answers to a few further questions that are not included in this list?

You can email us at mail@glavleasing.ru or call (495) 783-83-82

Is it possible to lease a property for a period of over 36 months (4-5 years)?

Yes, it is possible to sign a leasing agreement for a period of over 3 years. However, as a rule, this only refers to major deals on imported equipment.