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.
Mississippi 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 in need of consumer electronics, home appliances, or accessories but prefer a flexible lease or rent-to-own option? Look no further than a Mississippi Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with an option to purchase and own. This agreement provides individuals with the opportunity to enjoy the latest gadgets, appliances, and accessories without the need for a substantial upfront payment. Types of Mississippi Personal Property Lease or Rental Agreements: 1. Electronics Lease or Rent-to-Own Agreement: This agreement caters specifically to consumer electronics such as smartphones, televisions, laptops, gaming consoles, and more. You can experience the latest technology without the high price tag and decide whether to purchase and own the item at the end of the lease term. 2. Home Appliance Lease or Rent-to-Own Agreement: If you're looking to upgrade your home appliances, this agreement is designed just for you. It covers a wide range of appliances, including refrigerators, washing machines, ovens, dishwashers, air conditioners, and more. With affordable monthly payments, you can enjoy the convenience of modern appliances without the hefty upfront cost. 3. Accessory Lease or Rent-to-Own Agreement: This agreement focuses on providing a lease option for various consumer electronic accessories such as headphones, speakers, smartwatches, camera equipment, and other supporting devices. Whether you're a tech enthusiast or a photography lover, this agreement allows you to have the latest accessories without committing to an immediate purchase. Benefits of a Mississippi Personal Property Lease or Rental Agreement: 1. Convenience: By opting for a lease or rent-to-own agreement, you can access the consumer electronics, home appliances, and accessories you need quickly and easily. No more waiting for saving up large sums of money or worrying about upfront costs. 2. Flexibility: These agreements offer flexibility in terms of lease duration, allowing you to choose a timeline that suits your budget and requirements. Whether it's a short-term lease or a longer commitment, you have the freedom to decide. 3. Upgrade Options: Technology evolves rapidly, and with a lease or rent-to-own agreement, you can enjoy the freedom to upgrade to the latest models and features whenever your lease term ends. This way, you're not stuck with outdated or obsolete devices. 4. Option to Purchase: At the end of the lease term, you have the option to purchase the leased items and make them your own. This provides you with the opportunity to test and evaluate the product before deciding to commit permanently. 5. Maintenance and Support: Most lease or rent-to-own agreements include maintenance and support services for the leased items. This means you can have peace of mind knowing that any repairs or technical assistance needed will be taken care of. Invest in the future without breaking the bank. A Mississippi Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances, and Accessories with an option to purchase and own gives you the freedom to enjoy the latest gadgets and appliances on your terms.
