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.
San Diego, California offers various lease or rental agreements of personal property with an option to purchase, allowing individuals to rent to own personal belongings. These agreements provide flexibility and ownership opportunities to those looking for temporary or long-term use of various types of personal property. 1. Furniture Lease or Rent to Own Agreement: This type of agreement allows individuals to lease furniture, such as sofas, beds, dining sets, and home decor items. It provides the option to purchase the rented furniture at the end of the agreement period. 2. Electronics Lease or Rent to Own Agreement: With this type of agreement, individuals can lease electronics like televisions, laptops, gaming consoles, and audio systems. This enables them to enjoy the latest technology without committing to an immediate purchase. 3. Appliance Lease or Rent to Own Agreement: Appliance lease agreements in San Diego allow individuals to rent household appliances like refrigerators, washers, dryers, ovens, and dishwashers. These agreements provide flexibility for those who may not wish to purchase appliances outright. 4. Vehicle Lease or Rent to Own Agreement: San Diego also offers lease or rent-to-own agreements for vehicles, including cars, motorcycles, and recreational vehicles (RVs). These agreements provide individuals the option to buy the vehicle once the rental period ends. 5. Musical Instrument Lease or Rent to Own Agreement: For aspiring musicians or those who want to explore their musical talents, lease or rent-to-own agreements are available for musical instruments, such as guitars, keyboards, drums, and brass instruments. These San Diego lease or rental agreements with an option to purchase and own personal property — lease or rent to own, are designed to provide flexibility and convenience to individuals who prefer a rent-to-own option rather than an outright purchase.
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.
