Terms of Use

Terms of use

Please read these terms carefully before using Lease Rater.

Last updated: 18 October 2025

1) Acceptance of terms

By accessing or using Lease Rater, you agree to these Terms of Use and all referenced policies. If you use the service on behalf of an organisation, you represent that you have authority to bind that organisation and that it accepts these terms.

2) Service description

Lease Rater provides tools to estimate an Obtainable Borrowing Rate (OBR) and generate supporting reports for FRS 102 lease accounting. The service is provided “as is” and “as available”. We may modify or discontinue features at any time with reasonable notice where practicable.

3) No advice

Outputs are informational and for audit support only. Lease Rater does not provide legal, audit, tax, or financial advice and does not guarantee that any particular rate will be obtainable from a lender. You are responsible for professional judgement and compliance with applicable standards.

4) Accounts & security

  • You must keep login credentials confidential and promptly notify us of any suspected breach.
  • You are responsible for activity under your account.
  • We may suspend or terminate accounts for misuse, security risk, or non-compliance with these terms.

5) Acceptable use

  • No unlawful, harmful, or misleading activity.
  • No reverse engineering, scraping, or circumventing access controls.
  • No interference with service integrity or security.

6) Your inputs & content

You retain rights to the business data you provide. You grant us a limited licence to process that data solely to operate the service (calculations, storage, support, diagnostics). You are responsible for ensuring you have the right to provide any data you upload.

7) Intellectual property

Lease Rater, including its calculation logic, branding, and site content, is protected by intellectual property laws. Except as permitted by law, you may not copy, modify, or create derivative works from the service or its components without prior written permission.

8) Fees (if applicable)

If a paid plan applies, you agree to pay the fees shown at purchase. Fees are non-refundable except as required by law. We may change pricing on renewal with reasonable notice.

9) Warranty disclaimer

The service is provided “as is” without warranties of any kind, express or implied, including fitness for a particular purpose, accuracy, or non-infringement. We do not warrant uninterrupted or error-free operation.

10) Limitation of liability

To the fullest extent permitted by law, Lease Rater and its affiliates will not be liable for indirect, incidental, special, consequential, or exemplary damages, or for lost profits, revenues, data, or business, arising from or relating to your use of the service. Our total liability for any claim will not exceed the amount paid by you (if any) for the service during the twelve months before the event giving rise to the claim.

11) Indemnity

You agree to indemnify and hold harmless Lease Rater from claims arising out of your misuse of the service, your data, or your breach of these terms.

12) Suspension & termination

You may stop using the service at any time. We may suspend or terminate access if you violate these terms or if necessary for security, legal, or operational reasons.

13) Changes to these terms

We may update these terms to reflect changes to the service or legal requirements. When we make material changes, we will update the date above and, where appropriate, provide additional notice.

14) Governing law

These terms are governed by the laws of England and Wales. Courts of England and Wales have exclusive jurisdiction, except where mandatory law provides otherwise.

Disclaimer
Lease Rater is designed for UK SMEs preparing accounts under FRS 102. The Obtainable Borrowing Rate (OBR) calculations provided are based on market data and standardised assumptions to support your lease accounting disclosures. Results are provided for guidance and audit support purposes only and do not constitute financial advice, audit assurance, or a substitute for professional judgement. Company directors remain responsible for the final choice of discount rate and accounting treatment. Lease Rater accepts no liability for reliance placed solely on these outputs without appropriate professional review.