№ lp_1_2_04691
Federal procurement policy text defining conditions, procedures, funding rules, and rights governing the leasing of commercial equipment by U.S. Government agencies under schedule contracts.
Document type: Contractual terms and conditions
Subject: Leasing of commercial equipment
Lease options: Lease-to-Ownership Plan; Operating Lease
Governing regulations: Federal Acquisition Regulation (FAR); General Services Administration Acquisition Regulation (GSAR)
Maximum lease term: Up to 60 months
Funding basis: Annual appropriations; multi-year funding where authorized
Parties involved: United States Government; Ordering Agencies; Contractors
Initiation mechanism: Delivery order
Lease commencement: Date of acceptance under FAR Subpart 12.4
Fiscal period reference: United States Government fiscal year
Termination provisions: Early termination charges; non-appropriation termination
Equipment possession: Government quiet possession during lease term
Assignment of claims: Permitted under FAR 32.803 and GSAR 552.232-23
Source type: Government procurement and leasing policy text
Price: 8 / 10 USD
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