Lease mechanics
Coterminous Lease
5.0 from 150 Google reviews. Serving Australian businesses since 2010.
What is Coterminous Lease?
A coterminous lease aligns the end dates of devices added at different times, so a whole fleet finishes and renews on one date.
A coterminous lease lines up every device added to an agreement, whenever it joined, onto the same end date, so the whole fleet finishes and renews together.
Without it, a company that opens offices over several years ends up with lease end dates scattered across the calendar, and something is always coming up for renewal somewhere.
Under a coterminous arrangement, a device added mid term aligns to the master agreement's end date, which keeps one renewal decision for the whole company instead of one per site.
The trade off to check before signing is how the added device's payments are set for its shorter remaining term, which should be stated in writing at the time it is added.
In short
- Every device in the fleet ends on the same date.
- One renewal decision for the whole company.
- Ask in writing how mid term additions are priced.
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Frequently asked questions
Why do multi site companies ask for coterminous end dates?
Because scattered end dates mean a renewal negotiation is always running somewhere, and no single moment exists to review the whole fleet or change supplier.
One shared end date restores that leverage to head office.
What happens when a device is added partway through a coterminous lease?
The added device aligns to the master agreement's existing end date rather than starting its own multi year clock.
Ask for the pricing of that shorter remaining term in writing at the time the device is added.
Cyrus Dickie
Founder, Global Document Solutions
You deal with the founder directly, from first quote to ongoing support, since 2010.
Authored by Cyrus Dickie, Founder at Global Document Solutions. In the industry since 2010.
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Related terms
- Lease TermA lease term is the fixed contract period, stated in months, during which you pay to use the equipment. Most business terms run 36 to 60 months.
- Fleet ConsolidationFleet consolidation is bringing the printers at every office a company runs under one supplier, one agreement and one invoice.
- Auto Renewal ClauseAn auto renewal clause automatically extends a lease unless the customer gives written notice inside a set window before the end date.
- End of Lease BuyoutAn end of lease buyout is an industry option on some leases, a final payment transferring ownership of the device. Our agreements do not offer one.
- Operating LeaseAn operating lease lets a business use equipment such as a printer for a fixed term and return it at the end, without taking ownership.
Enquired on Monday and had a printer installed by Friday. Fast, easy, and exactly what we needed.
We have been using Global Document Solutions for about eight years now and would not go anywhere else.