There are two types of leases:
Rent is classified as property for which Clemson has no current or future rights of ownership and has no legal obligation to rent for an extended period of time. Example of this would be rental of tables from Clemson Rent All for an on campus conference.
If the lease or rental payments will exceed $2,500 in a fiscal year, the monthly payments should be made on a purchase order or for copier leases, payments maybe processed with the departmental procurement card. If P-card is the payment method for copier leases, it is the department's responsibility to ensure encumbrance amounts are closed and that the vendor is charging the correct amount based on the terms of the original PO.
updated June 2013
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