Leased Equipment

An equipment lease is a contractual agreement between the owner of the equipment (lessor) and a business owner (lessee) that allows the lessee to use the equipment for a period of time for regular payments.

True Leases

Agreements under which an owner gives up possession and use of property for valuable consideration and for a definite term and at the end of the term, the owner has the absolute right to retake, control, or convey the property.

Conditional Sales or Financing Leases

Purchase agreements rather than true leases. Possession of the property transfers to the lessee without full legal title until payment of the purchase price or a predetermined date occurs.

Ventura County Approved Leasing Template

This leasing template should be used to report your assets out on lease on January 1. You may submit your completed template (below) and BOE 571-L form via mail to:

Ventura County Assessor
800 South Victoria Avenue
Ventura CA 93009-1270

or email to Assessor.PropertyStatementy@venturacounty.gov. To be accepted via email, BOE 571-L must have a unique, original signature. While photocopied signatures are acceptable, we do not accept stamped, type-written, or electronic signatures.

If you need any assistance or have any questions, please contact our office at (805) 654-2181 and ask for the Leasing Appraiser on the Personal Property Team, or email us at Assessor.PP@venturacounty.gov.