A leasing transaction can be broken down into the following material and chronological phases:
1) Acquisition phase
- purchase of the building site foreseen as leasing property from the lessee or a third party or possibly “acquisition” of independent and lasting construction rights against the property of the lessee or a third party.
- construction preparations
2) Construction phase
- realisation of construction plans (new construction, replacement or conversion)
- in accordance with the specifications agreed to in the leasing contract
3) Usage phase
- transfer of the leasing property for the contractually agreed use or planned use by the lessee
- beginning
- handing over of the leasing property
- end
- expiration of the ordinary leasing duration
4) Disposal phase
- disposing of the leasing property after the ordinary end to the lease
- to the lessee or a third party
- alternative
- extension of the leasing agreement
- alternative