A hire purchase agreement is a type of credit agreement between a buyer and seller. People typically enter into these contracts to buy products.You will learn how to fill out the form accurately to avoid common pitfalls and ensure a legally binding agreement. 1. The owner will let and the hirer will take on hire the vehicle more particularly described in the Schedule hereto. 2. Fill out some basic information, then come into an office to complete the process. Learn whether a leasetoown or leaseoption agreement is a good choice for tenants who want to buy the home they rent. Here we introduce widely used contingency clauses in home purchase contracts and how they can benefit both buyers and sellers.