Finance Leasing Act 2000 · As enacted · Part II · Duties of Lessors, LessuEs AND SUPPLIERS
12. Use of equipment
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1 shall be the duty of a lessee to—
lessee
“lessee”, in relation to a fiance lease, means a person who acquires a right to possession and use of an equipment under the lease;
take proper care of the equipment provided under the finance lease ;
equipment
“equipment” means any tangible asset which has an economically useful life of more than one year and does not include land, any improvements made to land other than fixtures or immovable property attached to land which can be removed from the land without substantial destruction to such fixture or immovable property;
use it for the purpose for which it is provided ; and
subject to fatr wear and tear and to any modifications agreed to by the parties to the finance lease, keep it in the condition in which it was delivered to the lessee.