In generally, for a short-term and often voidable at the option of the lessee and lessor by a notice is called operating lease.Infact ,operating lease also is called "service lease" or "maintenance lease".Term of this kind of lease is not more than 5 years.
According to Block and Hirt,” A operating lease is clsualliy short term and often cancelable at the option of the lessee.
According to J.M. Pandey,” Operating leases are short term, cancellable leases where the risk of obsoles cence is borne by the lessor.”