Lease Rental Rent

 Personal Property Lease or Rental Agreement of Consumer Electronics, Home Appliances and Accessories with Option to Purchase and Own - Lease or Rent to Own
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Control #:
US-01842BG
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Available formats: Word

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Description Lease Agreement Rent

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.

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Lease Option Rent Other Form Names

Property Agreement Purchase   Personal Property Rental   Property Lease Rental Agreement   Details Needed For Rent To Own Lease   Property Lease Rental   Personal Property Rent   Agreement Home Purchase  

Personal Property Purchase FAQ

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