The following lease agreement form is meant to be used by one individual dealing with another individual or a commercial transaction between non-consumers. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
The Federal Consumer Leasing Act, which is part of the Truth in Lending Act, applies to any lease of consumer goods for more than four months in which the total contractual obligation does not exceed $25,000. (It does not apply to leases of real estate.) This law requires the lessor (the owner of the auto you lease, for example) to disclose information before you sign the lease. Among the most important items are
" the capitalized cost -- that is, the cost of the goods being leased (the capitalized cost is negotiable to the same extent that the price of goods is negotiable if you were buying them instead of leasing them);
" the total amount of any initial payment you are required to pay;
" the number and amounts of monthly payments;
" the total amount for fees, such as license fees and taxes;
" any penalty for default or late payments;
" the annual mileage allowance and the extra charges involved if you exceed that allowance;
" whether you can end the lease early, and the method of computing the charge if you do so;
" whether you can purchase the auto at the end of the lease and for what price;
" any liability that you may have for the difference between the estimated value of the auto and its market value at the time you end the lease; and
" any extra payment that you must make at the end of the lease.
Phoenix Arizona Lease or Rental Agreement of Personal Property with Option to Purchase and Own Personal Property — Lease or Rent to Own If you are looking for flexible options to lease or rent personal property in Phoenix, Arizona, with the possibility of eventually owning it, you have come to the right place. We offer a variety of Phoenix Arizona Lease or Rental Agreements of Personal Property with an Option to Purchase and Own Personal Property — commonly referred to as Lease to Own or Rent to Own agreements. These agreements are designed to provide individuals with the opportunity to rent or lease personal property for a specified period, and then exercise the option to purchase and own the very same property. Here are some types of Lease or Rental Agreements available in Phoenix, Arizona: 1. Home Lease or Rent to Own Agreement: This type of agreement allows individuals to lease or rent a home, such as a house or a condominium, with the option to buy and eventually own the property. It provides a structured path towards homeownership, allowing tenants to test the property before making a long-term commitment. 2. Vehicle Lease or Rent to Own Agreement: If you are in need of a car, motorcycle, or any other type of vehicle, this agreement offers a great opportunity. You can lease or rent the vehicle of your choice and later exercise the option to buy and become the owner. It allows for flexibility and convenience while providing the possibility of ownership. 3. Furniture and Appliance Lease or Rent to Own Agreement: This type of agreement is perfect for individuals who need furniture or appliances but may not have the upfront funds to purchase them. With this option, you can lease or rent the desired furniture or appliances and eventually buy and own them after the specified rental period. 4. Electronics Lease or Rent to Own Agreement: For those in need of electronics such as TVs, laptops, gaming consoles, or other devices, this agreement allows you to enjoy the benefits of utilizing these products without the immediate financial commitment of purchasing them outright. You can lease or rent the electronics and later acquire ownership through the option to buy. 5. Commercial Property Lease or Rent to Own Agreement: If you are a business owner or entrepreneur, this agreement offers an excellent opportunity to lease or rent commercial property, such as an office space, retail store, or warehouse. It allows you to test the location and suitability for your business before deciding to purchase and own the property. Our Phoenix Arizona Lease or Rental Agreements of Personal Property with an Option to Purchase and Own Personal Property provide flexibility and convenience while potentially leading to ownership. Whether you need a home, vehicle, furniture, electronics, or commercial property, we have a lease or rent to own option that suits your needs. Take advantage of the opportunity to experience and eventually own the personal property of your choice by exploring our various agreements in Phoenix, Arizona.
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.
