What is considered a 'soft asset' in leasing?

In the context of leasing, a 'soft asset' typically refers to intangible items, which include software, intellectual property, or other non-physical assets. These assets do not have a tangible form but hold value based on the rights or benefits they provide. For instance, software can enhance business operations or intellectual property can confer competitive advantages without any physical presence.

The other options do not fit the definition of 'soft assets.' Physical objects, such as machinery or property, are considered 'hard assets' because they can be physically touched and have inherent tangible value. Real estate properties are also classified as hard assets due to their physical nature and defined location. Thus, the correct understanding of 'soft asset' is crucial, particularly in the leasing context, as it affects how agreements are structured and valued.