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.
Phoenix Arizona Personal Property Lease or Rental Agreement of Equipment and Furniture with Option to Purchase and Own — Lease or Rent to Own is a legal contract that allows individuals or businesses in Phoenix, Arizona to lease or rent various types of equipment and furniture with the added option to eventually purchase and own the items. This agreement offers flexibility and convenience for those who may not be able to afford an upfront purchase but still require the use of specific equipment or furniture. Keywords: Phoenix, Arizona, Personal Property Lease, Rental Agreement, Equipment, Furniture, Option to Purchase, Own, Lease to Own, Rent to Own. Different types of Phoenix Arizona Personal Property Lease or Rental Agreement of Equipment and Furniture with Option to Purchase and Own include: 1. Office Equipment Lease or Rent to Own: This type of agreement enables businesses in Phoenix, Arizona to lease or rent essential office equipment such as computers, printers, copiers, and fax machines with the option to purchase and own them at a later date. 2. Home Furniture Lease or Rent to Own: Individuals or families in Phoenix, Arizona can benefit from this agreement by leasing or renting furniture items for their homes, including sofas, beds, dining sets, and appliances. This option allows them to test the suitability of the furniture before committing to a purchase. 3. Construction Equipment Lease or Rent to Own: Construction companies operating in Phoenix, Arizona can enter into this agreement to lease or rent heavy machinery and equipment like bulldozers, excavators, cranes, and generators, with the possibility of owning the equipment in the future. 4. Fitness Equipment Lease or Rent to Own: Gyms and fitness enthusiasts in Phoenix, Arizona can take advantage of this agreement to lease or rent various exercise equipment such as treadmills, ellipticals, weight benches, and stationary bikes. They can then decide to purchase and own the equipment if satisfied with its performance. 5. Event Rental Equipment Lease or Rent to Own: This type of agreement is designed for event planners or individuals organizing events in Phoenix, Arizona. It allows them to lease or rent event-specific equipment like tents, tables, chairs, sound systems, and lighting, providing the option to purchase and own the equipment for future events. 6. Medical Equipment Lease or Rent to Own: Healthcare facilities or individuals in need of medical equipment in Phoenix, Arizona can opt for this agreement. It permits the leasing or renting of medical devices such as ultrasound machines, X-ray equipment, patient beds, and diagnostic tools, with the option to eventually buy and own the equipment. By offering these various types of agreements, the Phoenix Arizona Personal Property Lease or Rental Agreement of Equipment and Furniture with Option to Purchase and Own — Lease or Rent to Own caters to the diverse needs of individuals, households, businesses, and industries in the area.
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.
