Undischarged Hire Purchase Agreement

As part of a lease purchase plan, the consumer is required to properly maintain the rented goods. If the goods are damaged by the consumer and returned to the owner or financial company, they are allowed to send the consumer a repair invoice. After concluding a contract of sale at tempe, there are a large number of problems that can arise: 12. The lessee must maintain these machines and equipment on behalf of the company with any recognized insurance company and pay the premium regularly on the due date and number. The insurance policy is given to the company and the tenant must, from time to time, provide the company with proof of the premium or provide an actual copy or Xerox to the company. If the lessee is declared insolvent or authorizes the installation of such machinery and apparatus pursuant to a decree or court order or for the recovery of government contributions, or where a receiver is appointed by the court or a creditor, such agreement on the occurrence of such an event is terminated. In the case of a rental agreement, you must first pay an acomptera, then a fixed amount for an agreed number of months. Once you have paid the full amount, you own the title on the car. 6. If the tenant does not pay a monthly payment of the rental fees on the due date, the tenant is required to reward them up to ….. Percent per year, from the date of delay to payment. However, this applies without prejudice to the right of the company to terminate the agreement for late payment of monthly payments, as indicated below.

Many conditional leases and sales contracts include Payment Protection Insurance (PUP). Check to see if you can claim a right under insurance, for example to help you make payments if you are sick. AND CONSIDERING that the tenant has asked the company to rent the aforementioned machinery and equipment so that the tenant can carry out the manufacturing activity. with an option for the tenant to buy the same. The rental company will issue you a pre-ownership order that will be given to you 15 days in advance before it takes possession again. 4. The tenant has to the company, at the time of the execution of this contract, an amount of 4. . in the form of security or seriousness, adjusted in relation to the rental purchase price of the aforementioned machinery and equipment, if the tenant exercises the possibility of acquiring the same as those below. If the tenant does not exercise this option or the contract is terminated before the exercise of this option, the amount of the mentioned deposit is refunded to the tenant by the company at the expiration or prior date of this agreement, subject to the deduction of all claims that the company has against the tenant on the basis of this agreement or the law. including the cost price of the abovementioned machinery and plant. .

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