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.
Alameda California Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances and Accessories with Option to Purchase and Own — Lease or Rent to Own In Alameda, California, individuals looking for flexible options to obtain consumer electronics, home appliances, and accessories can benefit from a Personal Property Lease or Rental Agreement with the option to purchase and own through a lease or rent to own arrangement. This agreement provides renters with the convenience and affordability of leasing or renting these items, while also offering the opportunity to eventually own them. Keywords: Alameda California, personal property lease, rental agreement, consumer electronics, home appliances, accessories, option to purchase, own, lease, rent to own. Types of Alameda California Personal Property Lease or Rental Agreement: 1. Consumer Electronics Lease or Rental Agreement: This type of agreement allows individuals to lease or rent various electronic devices like smartphones, tablets, laptops, televisions, home theater systems, gaming consoles, and more. Renters can enjoy the latest technology without the upfront costs associated with purchasing these items outright. 2. Home Appliances Lease or Rental Agreement: This agreement enables individuals to lease or rent essential home appliances such as refrigerators, washing machines, dryers, dishwashers, ovens, microwaves, air conditioners, and heaters. Renters can enjoy the convenience and functionality of these appliances without the burden of long-term ownership responsibilities. 3. Accessories Lease or Rental Agreement: This type of agreement covers a wide range of accessory items that complement consumer electronics and home appliances. Examples of accessories include speakers, headphones, smart home devices, kitchen gadgets, and more. Renters can enhance their overall experience without needing to purchase these accessories separately. 4. Lease or Rent to Own Option: The lease or rent to own option within these agreements allows renters to gradually make payments towards the eventual ownership of the leased or rented items. This alternative enables individuals to test out products before fully committing to ownership, while also building credit and saving for the future purchase. By offering an array of lease or rent to own options for consumer electronics, home appliances, and accessories, Alameda, California residents can conveniently access the latest technology and necessary household items without the significant upfront costs. This flexible arrangement provides individuals with the opportunity to experience the benefits of these products while tailoring their payment plans to fit their financial needs. Whether it's consumer electronics, home appliances, or accessories, Alameda's Personal Property Lease or Rental Agreement ensures a hassle-free and budget-friendly path to obtaining necessary items.
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.
