A lease is roughly similar to the concept of an asset lease that gives the buyer a fair chance to purchase the item whenever he can, as long as the agreement is in effect. Similarly, the rental purchase provides an advantage to the buyer by granting him less credits, by diverting the cost of expensive items that he could not have afforded over a certain period of time. However, the buyer is not entitled to be the owner of the item, unless he has paid the entire item, which means that he is not bound to the extension of the credit. Leases usually take between 2 and 5 years, the last 3 most common years. Under a lease-sale agreement, the consumer does not own the goods until after the payment of the last tranche, although he has made full use of the goods throughout the repayment period. 3. Information provided by the buyer/tenant (the other party).4. The date the asset is leased and the lease period.5. Name, type, model no and make active assets.6. Details of installation costs and the person they will bear.7 The cash price of the asset.8. The rental purchase price (total of all payments – down payment – fee) 9. Payment details: A consumer (the tenant) can terminate the contract at any time by communicating in writing to the owner of the goods (the financial home).
Consumers should be aware that breaking a lease before the normal end date is generally accompanied by penalties. They can be: if the property leased under a lease is or becomes defective, the responsibility rests with both the trader and the owner (the financial company). In this situation, a consumer can make claims against any party. A claim cannot be made against the manufacturer of the product. 30. If, at the time of the decision of this agreement, the tenant, by date or other period, does not deliver these machines and equipment to the company without litigation, the company has the right to sue or initiate another procedure to recover the ownership of the business, and the tenant is required to bear all costs, costs and expenses incurred by the company on that behalf, subject to an order.