What rights does a lessee typically enjoy in a true lease?

In a true lease, the lessee typically enjoys the right to use and enjoy the leased equipment free from interference by the lessor. This means that the lessee has the ability to operate and utilize the equipment as needed for their specific business purposes, without the lessor stepping in to disrupt that use.

This right is fundamental in leasing agreements because it ensures that the lessee can fully benefit from the asset they are leasing. The lease agreement is structured in a way that typically limits the lessor's rights to the equipment to the terms specified in the lease, allowing the lessee to maintain control over the equipment as long as they comply with the lease conditions.

The other options pertain to rights that are either not typically granted in a true lease or are not central to the nature of leasing. For instance, ownership of the leased equipment remains with the lessor throughout the lease term, which distinguishes a true lease from a lease-to-own arrangement. Tax benefits usually accrue to the lessor, as they retain ownership, and access to purchase the equipment is not a standard right given to lessees in a true lease unless explicitly stated in the lease agreement.