The Consumer Leasing Act (15 USC 1667 et. seq.) was passed to assure that meaningful and accurate disclosure of lease terms is provided to consumers before entering into a personal property lease. It applies to certain consumer leases of personal property. This form does NOT include such disclosures.
For any consumer lease subject to this Act, the lessor must disclose such information as the following:
" Description of property;
" Amount due at lease signing or delivery;
" Payment schedule and total amount of periodic payments;
" Disclosure of other anticipated charges during normal execution of the lease agreement;
" Total of payments;
" Payment calculation;
" Lease term;
" Early termination conditions and penalties;
" Maintenance responsibilities;
" Purchase option;
" Statement referencing "nonsegregated" disclosures;
" The right of appraisal;
" Liability at the end of the lease term;
" Fees and taxes;
" Insurance and warranties.
Hawaii Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with Option to Purchase and Own — Lease or Rent to Own A Hawaii Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with Option to Purchase and Own — Lease or Rent to Own allows individuals in Hawaii to lease or rent various consumer electronics, home appliances, and accessories with the opportunity to eventually own them. This flexible arrangement provides convenience and affordability to consumers who are seeking temporary use of these items without the commitment of an immediate purchase. Let's explore the different types of agreements available: 1. Consumer Electronics Lease or Rent to Own Agreement: This type of agreement focuses on leasing or renting a wide range of consumer electronic devices such as televisions, laptops, smartphones, gaming consoles, cameras, and audio equipment. Individuals can enjoy the latest technology without the need for a large upfront investment, with the option to purchase and own the items at the end of the agreed-upon rental period. 2. Home Appliances Lease or Rent to Own Agreement: This agreement specifically caters to individuals looking for home appliances like refrigerators, washing machines, dishwashers, ovens, microwaves, air conditioners, and more. It allows residents of Hawaii to lease or rent these appliances, making it convenient for those who may need them temporarily or want to try out different models before deciding on a purchase. Similarly, at the end of the rental term, customers have the option to purchase and own the appliance. 3. Accessory Lease or Rent to Own Agreement: This type of agreement is designed for smaller yet essential items that complement consumer electronics and home appliances. Accessories may include but are not limited to headphones, speakers, smart home devices, kitchenware, and furniture. By leasing or renting these accessories, customers can enhance their overall experience without making a significant investment upfront. If they decide they can't part with a particular accessory, they have the choice to purchase it and make it their own. In summary, a Hawaii Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with the Option to Purchase and Own — Lease or Rent to Own is a flexible agreement that allows individuals to lease or rent a variety of consumer electronics, home appliances, and accessories, giving them the option to purchase and own the items at the end of the rental term.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
