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.
Nassau, New York Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with Option to Purchase and Own — Lease or Rent to Own Are you looking for a convenient and flexible way to enjoy the latest consumer electronics, home appliances, and accessories without the hefty upfront costs? Look no further than our Nassau, New York Personal Property Lease or Rental Agreement. With our lease or rent to own option, you can easily acquire, use, and eventually own the products you desire, all while maintaining financial flexibility. What is a Personal Property Lease or Rental Agreement? Our Personal Property Lease or Rental Agreement allows you to lease or rent various consumer electronics, home appliances, and accessories for a specified period, providing you with the opportunity to enjoy these items without committing to a full purchase. This arrangement is ideal for individuals who prefer not to invest a significant amount of money upfront or who desire more flexibility in their financial commitments. Consumer Electronics Lease or Rental: Under this agreement, you can lease or rent an extensive range of high-quality consumer electronics such as smart TVs, smartphones, laptops, gaming consoles, cameras, and much more. Experience the latest technology without worrying about depreciation or the hassle of resale. Home Appliances Lease or Rental: Our Home Appliances Lease or Rental program offers an array of essential household appliances. Lease or rent products like refrigerators, washing machines, microwave ovens, dishwashers, air conditioners, and other gadgets, ensuring your home remains functional and up to date. Accessories Lease or Rental: In addition to consumer electronics and home appliances, we also offer a wide selection of accessories on lease or rental basis. These include items like headphones, speakers, smart home devices, fitness trackers, and other peripherals that enhance your overall experience. Lease or Rent to Own Option: With our Lease or Rent to Own option, you have the possibility of owning the leased product at the end of the agreed term. This enables you to enjoy the products with the flexibility of making smaller monthly payments, all while gradually becoming the proud owner of the item. Different Types of Personal Property Lease or Rental Agreements: Our Personal Property Lease or Rental Agreements are designed to cater to various needs and preferences: 1. Short-term Lease or Rental: Ideal for those who require consumer electronics, home appliances, or accessories for a specific event or a short amount of time. This option allows you to enjoy the benefits without having to commit to a long-term agreement. 2. Long-term Lease or Rental: For individuals looking to have access to the latest technology and appliances for an extended period. This option offers more affordability and convenience than constantly purchasing new items. 3. Customizable Lease or Rental: Tailored to fit your specific requirements, this type of agreement allows you to select the desired lease term, monthly payment amount, and the products you wish to lease or rent. This option provides utmost flexibility to cater to individual preferences. Enjoy the convenience, flexibility, and peace of mind that our Nassau, New York Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with Option to Purchase and Own — Lease or Rent to Own provides. Step into the world of cutting-edge technology and modern comforts without the financial strain!
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.
