Terms Of Hire Purchase Agreement

2. The lessee confirms that he has inspected the above-mentioned machines and installations before taking possession and that he is satisfied that it is in good condition and that it is in good condition, and that he acknowledges to him the supply of these machines by the company and that he undertakes to maintain them under the following conditions. All products come with a one-year warranty, unless otherwise stated (and if so, the warranty is always longer than one year). If problems arise outside of this warranty while the rental agreement still exists under the rental agreement, it is HomeSmile`s responsibility to address the problem and we will ensure that the product is repaired or replaced within a reasonable time if we conclude that the product has not been abused or abused. If a problem occurs during the manufacturer`s warranty, it is the sole responsibility of the manufacturer to address the problem. The customer must enter into an agreement with HomeSmile to agree on a refund plan to pay the difference between the amount they pay and the amount they will have to pay after the return of the goods. 5. During the period during which the contract is in progress, the lessee of the company shall pay the company, in equal monthly instalments, an amount of Rs. .

as a rental fee in advance, the first of these payments to be made during the performance of this contract and any subsequent monthly payment on or before . The day of each following month is the next. Payment is made at the company`s registered office only in cash or by cheque in the name of the company. 8.7 In accordance with the factor, the buyer has the right to fulfil its contractual obligations in advance and completely, by making the request to the factor and paying the factor the full amount of the credit not repaid before the prescribed period. If the buyer omits the factor from the above declaration of will, the amounts paid in advance by the buyer are considered a deposit. In the event of early performance of the obligations arising from the contract, the factor has the right to demand from the buyer compensation for early repayment, in accordance with the rates or calculation bases set out in the factor`s price list. Most of the car loans offered by garages are rental purchase loans. Consumers may also be offered rental credits when purchasing furniture, computer appliances or electrical appliances. Different credit institutions have different rental purchase costs. Some indicate an annual percentage rate of interest.

This can help consumers compare rental purchase fees. It may be misleading to compare an effective annual interest rate for the rental purchase to that of a normal bank or credit loan, given that a consumer pays for the rent of the goods and only owns them when the last instalment of the contract has been paid. All new and existing customers only receive goods with repayment times of less than 30% of the applicant`s disposable income. These contracts are most often used for items such as high-quality cars and electrical appliances, where buyers cannot pay directly for the goods. A tempe purchase contract is drawn up and signed by the tenant (consumer) and on behalf of the owner (the lending institution). If a trader is involved, for example a workshop, he also signs the contract and delivers the goods in question. AND CONSIDERING that the tenant has asked the company to rent the aforementioned machinery and equipment so that the tenant can carry out the manufacturing activity. with an option for the tenant to buy the same. 14.

The lessee may not lease the machines and appliances concerned without the prior written consent of the enterprise, nor may they be rented or used by another person without the prior written consent of the enterprise and may not mortgage or mortgage them with a person to ensure the payment of funds. . . .