Bus Hire Purchase Agreement
4. If the tenant complies with and correctly fulfils all the conditions contained therein and which must be respected and executed in turn and pays the landlord the amount referred to in clause 3 as well as all other amounts he pays to the landlord in accordance with the provisions of this contract, the rent stops and the vehicle belongs to the renter and the landlord will assign and assume all his rights and interests. to the renter, but the renter has the possibility to purchase said vehicle at any time during the rental period, paying the balance of the entire rent mentioned above and other expenses incurred by the owner in a lump sum. Until all the aforementioned payments are made, the vehicle remains the property of the owner. 12. I notified a notification of exemption on 1 June 2020. I have already paid payments from February to May 2020 before I have the notification of the discharge notification. Does the tenant have to return the payments to me? 8. The contract is for the tenant himself and the rights of the tenant are not refundable or defensible by him for the benefit of third parties. A lease purchase agreement usually includes a down payment on the assets, according to which payments are set according to the duration of the contract. The duration of the lease agreement may vary depending on the customer`s budget and business requirements. 9.
I am a person/car rental company with a lease agreement with a finance company. Does the law apply to me? 3. During the continuation of the rental, the renter will not sell, assign, mortgage, mortgage, omit, share with the ownership of the car in question or trade with the car in question and will not sell it from the city of ………. Without the prior written consent of the owner. When buying rentals, an important distinguishing factor that helps reduce the cost of your financing compared to a broker, is that we can obtain the asset directly from the builders under large fleet conditions, which reduces the additional amount. (iv) The vehicle in question is insured and insured as long as the rental continues in the joint name of the owner and the renter against all risks and the renter pays all premiums to be paid to the insurance company. . . .