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 data: 23. In the event of termination of this contract by the company or tenant, or in some other way, as stated above, the amount of the down payment, the decrease in the amount that the tenant must pay to the company for the rental costs or otherwise, and the expenses that must or should be paid to the tenant about these gifts, will not be paid by the tenant. (a) The rental-purchase price of the goods covered by the contract is a guarantee under a lease-sale in the same way as if the goods were purchased directly. The manufacturer supports the warranty. In the event of an error on the product, the consumer may choose to repair the goods as part of the warranty or to make a full refund or exchange with the owner.
The rental buyer exercises the option to purchase. It can even return the goods if they are not satisfied with their quality or performance. This difference, however, is different from the tempe purchase in which the property of the goods is transferred to the buyer immediately after the payment of the first tranche and where the buyer does not have the opportunity to return the goods. Leases are similar to leases that give the lessor the ability to buy at any time during the agreement, such as . B car rental. Like rent, rental purchases can benefit consumers with bad credit by spreading the cost of expensive items that they could not afford over a long period of time. However, this is not the same as a credit extension, since the buyer technically only owns the item once all payments have been made. A lease-sale agreement can flatter a company`s roi on investment (ROCE) and return on investment (ROA). This is because the company does not need to use so much debt to pay assets.
To be valid, HP agreements must be written and signed by both parties. You must clearly state the following information in an impression that everyone can read effortlessly: 26. During the exercise of the option and payment of the price of machinery and equipment and other funds, as mentioned in point (25) above to the company, the sale of these machines and equipment to the tenant is considered complete, since the option will be put into service on the effective date of the option. Until then, however, the company will remain the owner. However, if the tenant does not pay the amount owed and to pay to the company, as it is payable on the date the option takes effect, that contract is terminated and the tenant will immediately return the machinery and equipment to the company in good working condition.