The kind of lease that Sandy has by paying rent for occupancy while the landowner pays the taxes, insurance, and other operating expenses is an operating lease.
An operating lease is a type of lease that does not transfer ownership to the lessee.
When a lessee only pays for rent for occupancy, the lease is not a finance or capital lease but an operating lease.
The kind of lease that Sandy has by paying rent for occupancy while the landowner pays the taxes, insurance, and other operating expenses is an operating lease.
Lastly, with an operating lease, the lease term is always less than the asset's lifespan.
Learn more about operating leases at https://brainly.com/question/17250116
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