This Lease is meant to be used by one individual dealing with another individual rather than a dealership situation. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
Rental Agreement For Car In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00400BG
Format:
Word;
Rich Text
Instant download
Description
An "Automobile Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by a leasing company or bank ("financier") . It is usually prepared or provided by the automobile dealership. This type of Automobile Lease is one the methods by which an automobile may be financed. It allows the customer to drive an automobile by making monthly payments to the financier. The payments serve to compensate the financier for the depreciation in value of the automobile during the time it is being driven. The financier will also assess a monthly finance charge that is similar to interest on a loan. This compensates the financier for the use of their money that is tied up in the purchase of the automobile from a dealer. The financier or car dealership actually owns the automobile. The automobile is leased for a specific period of time and is typically returned to the car dealership at the end of that time.
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Complete a lease rental application. Rental Agreements and Leases.There are two types of rental agreements: A month-to-month agreement; A lease. Once your membership has been approved, you can reserve a Rental Car through the Express Drive program. Creating a contract is a must for those who are planning to offer a car for hire services. This comprehensive document provides a legally binding agreement between a landlord and a tenant, outlining the terms and conditions of the residential lease. Every renter must provide a current Driver's License and Credit Card. Both must be in the renter's name. A California lease agreement allows a landlord of residential or commercial property to write a legally binding rental contract with a tenant. The Rental Agreement is the document you sign when you pick up your vehicle (generally headed.