Document background
The Finance Lease Agreement is a crucial document used in the Netherlands when a party seeks to acquire the use of high-value assets while spreading the cost over time. This agreement type is particularly relevant when the lessee requires immediate access to equipment, machinery, or other assets without making a large upfront capital investment. Under Dutch law, the agreement must carefully balance the interests of both lessor and lessee, incorporating specific requirements from the Dutch Civil Code (Burgerlijk Wetboek) and financial regulations. The document covers essential aspects including asset specifications, payment schedules, maintenance responsibilities, insurance requirements, and end-of-lease options, while ensuring compliance with Dutch financial supervision laws and tax regulations. It's particularly important to note that a Finance Lease Agreement typically includes provisions for the eventual transfer of ownership or significant residual value arrangements, distinguishing it from operational leases.
