In the leasing process 4 parties can be identified:

1. Lessee – customer, client
2. Lesser – Leasing company
3. Leased object – mobile assets or real estate, acquired through financing conducted by the lesser for the needs and use of the lessee.
4. Supplier – retailer i.e. seller of the leased object

According to this explanation and division of parties, the ownership of the leased object is also defined in leasing. The lesser is the legal owner of the leased object, whereas the lessee is regarded as the commercial possessor.
Leasing is the new form of financing, developed only in the last couple of decades.
The lessee individually chooses the object for use, individually arranges price and terms of shipment with the manufacturer or the supplier, individually chooses the lesser i.e. the leasing company and agrees the leasing terms. In this way, the lessee receives the exclusive right of commercial possession and use of the object, and in return the lessee pays the lesser the correspondent monthly installments. In leasing packages the main focus is on the lessee’s right to use the leased object, whereas the right to ownership remains with lesser.