It’s in the Fine Print

8) Beware of the Perpetual Lease: Leasing companies seldom notify customers that the end of the lease is approaching. It’s a real Gotcha when managers find they are in the fifth year of a four-year lease. End-of-lease notification language is often obscure and unclear. At lease commencement, verify when you must give the leasing company written notice regarding your end-of-lease plans.