The process of selling or re-selling the leased equipment to another party upon termination of the original lease term. The lessor can re-market the equipment or contract with another party, such as the manufacturer, to re-market the equipment.
The process of selling or leasing the leased equipment to another party at the end of the lease term. The Lessor can remarket the equipment or contract with another party, such as the manufacturer, to remarket the equipment in exchange for a remarketing fee.
The process of selling or re-leasing leased property which has been returned to the lessor either at the end of the term or as a result of a default in lease.