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.
Orange 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 gives individuals the opportunity to enjoy the latest technology and household items without the upfront costs associated with purchasing them outright. Whether you're looking for a new flat-screen TV, a high-end kitchen appliance, or trendy home accessories, this flexible leasing option allows for easy access and affordability. This type of lease agreement is designed to cater to the specific needs and preferences of Orange, California residents. It provides a convenient way to enhance your lifestyle while accommodating your financial situation. With various rental periods and flexible payment options, it enables you to choose the terms that best suit your budget and requirements. The Orange California Personal Property Lease or Rental Agreement offers a range of consumer electronics, home appliances, and accessories that can be leased or rented. Here are a few examples: 1. Consumer Electronics: — High-definition TV— - Home theater systems — Gaming console— - Laptops and computers — Smartphones and tablet— - Audio equipment 2. Home Appliances: — Refrigerators and freezer— - Washing machines and dryers — Dishwasher— - Ovens and stoves - Microwaves — Air conditioners 3. Accessories— - Furniture sets — Home decor items - Kitchenware and cookware — Fitnesequipmenten— - Outdoor and garden appliances — Lighting fixtures The lease or rent-to-own option provides additional flexibility, enabling you to test out the product before committing to a purchase. It gives you the opportunity to decide if the item meets your expectations and fits seamlessly into your lifestyle. If you decide to proceed with the purchase, a portion of your rental payments may be applied towards the final purchase price. By opting for an Orange California Personal Property Lease or Rental Agreement, you have the convenience of accessing the latest and most sought-after products with minimum financial strain. This lease arrangement opens up possibilities for homeowners, renters, students, and anyone seeks an affordable and flexible way to enjoy quality consumer electronics, home appliances, and accessories. Make your life more convenient and enhance your living space with the lease or rent-to-own option in Orange, California.
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.
