Abstract

Leasing activity has proved its importance as a competitive tool of financing, especially with the growing awareness of a lot of legislations of the benefits provided by leasing as a source of funding, as well as the increasing size of projects and their need for more flexible funding sources that are more liable to respond to the requirements of profitability required by these projects. Since the financial leasing contract is in progressive development just like any other aspect of the economy through which it grows, I preferred that the subject of this research shall be on the expiration of the financial leasing contact in the Jordanian Legislation compared with the Egyptian Legislation. It is clear that a financial lease contract is similar to any other contract in terms that ends on appointed date. However, and because of the particular nature of the financial leasing contract, It differs from what is provided in the General Provisions regarding the expiration of the leasing contract since it is distinguished by the fact that it gives the lessee at the end of the term three choices: The lessee buys the leased assets, or extends the leasing contract or returns the leased asset. A common reason for ending the financial leasing contract is the termination of the contract by revoking it. If any party breaches the obligations rendered on them, the second party may terminate the contract and will be free from any obligations since the financial leasing contract is a binding contract for both parties.

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