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.
Lease Agreement With Addendum In Middlesex
Category:
State:
Multi-State
County:
Middlesex
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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Here you'll find answers to the most frequently asked questions, downloadable forms to help you manage your lease, and essential telephone numbers. Signatures: Both the landlord and the tenant(s) involved in the lease must sign and date the addendum to indicate their agreement to the additional terms.A lease addendum is as important as the rest of the lease. Landlord and tenant are required to include their names in the lease agreement. 3. Lease can be either written or oral. Utilize our lease agreement addendum to implement alterations or additions to an existing residential lease agreement that is currently in effect. A lease addendum allows you to add an additional document to or adjust the terms of your existing rental agreement. New Jersey Realtors® is the voice for real estate in New Jersey and serves as a leading advocate for the real estate industry and private property owners.