Translation Of Hire Purchase Agreement

(vi) if a portion of the rental price is other than cash or cheque-to-pay, the rental agreement must include a description of the portion of the rental price; and an amount that bears, at the net price, the same share as the amount of the rental-purchase rate, is borne by the total amount of the rental purchase price. According to paragraph 4, the content of the lease includes: the lease-sale is an agreement to purchase expensive consumer goods, in which the buyer makes a first down payment and pays the balance plus interest at a catch-up temperature. The term rental-sale is often used in the United Kingdom and is better known as a rate plan in the United States. However, there may be a difference between the two: for some payment plans, the buyer gets the property rights as soon as the contract is signed with the seller. By lease agreement, ownership of the goods is not officially transferred to the buyer until all payments have been made. (vii) If one of the above conditions is not met, the tenant may sue to cancel the tenancy agreement and, if he has ensured that the non-compliance with such a requirement preceded the tenant, the tenant may terminate the agreement under what he deems fair or any other injunction that he deems appropriate in the circumstances of the case. Lease-to-sale contracts are generally more expensive in the long run than a full payment when buying assets. This is because they can have much higher interest costs. For businesses, they can also represent more administrative complexity. The lease agreement must be written and signed by the parties.

A guarantee, if it exists, must sign the lease-purchase. The contract is cancelled if the above conditions have not been met – Article 3. The difference between the buyer`s net price and the net cash price of the merchandise. A lease-sale transaction is a transaction where the seller/owner of certain goods delivers its goods to a person (known as a rental buyer) on the condition that he (tenant-buyer) prepays the price of the goods (including certain interest) according to various periodic tranches indicated and immediately acquires the property (goods) but that the right to compensation is transferred only with the payment of the last tranche. Companies that need expensive machinery – such as construction, manufacturing, factory leasing, printing, road transport, transportation and engineering – can use leases, as can startups that have few guarantees to establish lines of credit. (v) the goods covered by the agreement, in sufficient manner to identify them; In other words, a lease-purchase agreement is a contract under which a person takes delivery of goods that promise to pay the price through a certain number of payments and, until full payment, to pay a rental fee for the use of the goods. The total amount to be paid by the rent buyer, depending on the conditions, to complete the transactions. By law, a tenancy agreement refers to an agreement under which the goods are leased and under which the tenant has the opportunity to acquire it under the terms of the contract and contains an agreement that: (iii) the date on which the contract is considered to be concluded; The use of leases as a type of off-balance sheet financing is strongly discouraged and does not conform to general accounting principles (GAAP).