The following lease agreement form is meant to be used by one individual dealing with another individual or a commercial transaction between non-consumers. It therefore does not contain disclosures required by the Federal Consumer Leasing Act.
The Federal Consumer Leasing Act, which is part of the Truth in Lending Act, applies to any lease of consumer goods for more than four months in which the total contractual obligation does not exceed $25,000. (It does not apply to leases of real estate.) This law requires the lessor (the owner of the auto you lease, for example) to disclose information before you sign the lease. Among the most important items are
" the capitalized cost -- that is, the cost of the goods being leased (the capitalized cost is negotiable to the same extent that the price of goods is negotiable if you were buying them instead of leasing them);
" the total amount of any initial payment you are required to pay;
" the number and amounts of monthly payments;
" the total amount for fees, such as license fees and taxes;
" any penalty for default or late payments;
" the annual mileage allowance and the extra charges involved if you exceed that allowance;
" whether you can end the lease early, and the method of computing the charge if you do so;
" whether you can purchase the auto at the end of the lease and for what price;
" any liability that you may have for the difference between the estimated value of the auto and its market value at the time you end the lease; and
" any extra payment that you must make at the end of the lease.
If you are searching for a lease or rental agreement of personal property with an option to purchase and own in Bronx, New York, you have come to the right place. Whether you need to lease or rent to own personal property, there are various options available to suit your specific needs and preferences. 1. Residential Lease or Rent to Own Agreement in Bronx, New York: If you are looking to lease or rent to own a personal property for residential purposes in the vibrant borough of Bronx, several agreements cater to this need. These agreements typically offer flexibility in terms of duration, payment options, and the possibility of ownership down the line. 2. Commercial Lease or Rent to Own Agreement in Bronx, New York: For entrepreneurs or businesses seeking to establish their presence or expand operations in Bronx, New York, there are specific lease or rent to own agreements for commercial personal property. These agreements take into account the unique requirements of businesses and offer suitable terms and conditions accordingly. 3. Automotive Lease or Rent to Own Agreement in Bronx, New York: If you need a vehicle for personal or business use but prefer a lease or rent to own option, automotive agreements can cater to your needs. These agreements may include cars, trucks, vans, or any other personal motor vehicles, allowing you to lease them with the option to purchase at a later stage. 4. Electronics Lease or Rent to Own Agreement in Bronx, New York: In today's digitally connected world, electronics play a crucial role in our lives. To meet the demand for personal electronics devices, there are lease or rent to own agreements tailored specifically for gadgets, such as smartphones, laptops, gaming consoles, or even home appliances. 5. Furniture and Home Appliances Lease or Rent to Own Agreement in Bronx, New York: When it comes to furnishing your home or office without the upfront costs of purchasing, leasing or rent to own agreements for furniture and home appliances become convenient solutions. These agreements enable you to enjoy the use of furniture sets, kitchen appliances, or other household necessities with the option to buy them over time. In conclusion, these are just a few examples of lease or rental agreements available in Bronx, New York, for personal property with the option to purchase and own. Whether you need residential, commercial, automotive, electronics, or furniture and home appliances, there is likely a specific lease or rent to own agreement suited to your requirements. These agreements provide flexibility and convenience, enabling you to enjoy the benefits of personal property while having the option to become the owner in the future.
