What happens if the asset is damaged or lost by the lessee?

Modified on Tue, 17 Oct, 2023 at 6:16 PM


In case the item is damaged or lost, because of the back-to-back arrangement between the Lessor and the Lessee, the Lessee becomes responsible for replacing or repairing the asset as the case may be. The Investor is not liable for any damages whatsoever. 

 

The aforementioned points are included in the licensing contract between the Investor and the Company. 

 

For any additional queries, feel free to e-mail us at the following e-mail address: support@tapinvest.in 





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