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Lease Guarantor vs Co-Signer: What’s the Difference?

Three people sitting at a table reviewing and signing lease paperwork with a pen

When a rental application falls short, because of thin credit, low income, or no rental history, landlords often ask for extra assurance before approving the lease. That request usually comes in one of two forms: a guarantor or a co-signer. The two terms are frequently used interchangeably, even by leasing offices, but they describe different … Read more

Operating Lease vs Finance Lease: Key Differences Explained

Calculator, document folder, and architectural model of office buildings on a desk, illustrating operating lease versus finance lease accounting concepts

Operating Lease vs Finance Lease: Key Differences Explained Every lease agreement falls into one of two categories — operating or finance — and the label decides how the cost travels through a company’s financial statements. Under current U.S. accounting rules (ASC 842), both types now appear on the balance sheet, which still surprises people who … Read more