As a general rule, the landlord has the right to terminate the contract if the tenant refuses to pay the payments or violates any of the other terms of the contract. This entitles the owner: 3. The property in the merchandise remains to the seller (tenant) until the last tranche is paid. The property is paid to the buyer (tenant) when he pays all the payments. 21. If the tenant is declared insolvent or authorizes the installation of these machines and equipment in the execution of a decree or a court order or recovery of government expenses, or if a beneficiary is appointed by the court or by a creditor, this agreement on the execution of such an event is closed. Leasing is a contract between two parties, whereby a buyer agrees to pay for property in part. The lease was first entered into in the United Kingdom for situations where the buyer could not afford to pay the required price for an item in a lump sum, but could afford to pay modest amounts at regular intervals. 20.
If the tenant violates a clause in this agreement or does not pay two monthly rental fees, the company has the right to terminate the contract by informing him one month in advance and unless the infringement is corrected and the rental costs are eventually paid. this contract expires at the end of the notice period. If the contract is terminated as mentioned above, the tenant`s option to purchase remains, as it later, cancelled or cancelled. Tenant buyers can return the goods, so the initial agreement is cancelled as long as they have made the required minimum payments. However, buyers suffer a huge loss on goods returned or recovered because they lose the amount they paid for the purchase up to that date. The lease was developed in the 19th century in the UK to allow cash-shortage customers to buy an expensive purchase that they would otherwise have to delay or give up. For example, in cases where a buyer cannot afford to pay the price charged for a property as a lump sum, but can pay a percentage in the form of a deposit, a rental agreement allows the buyer to rent the goods for a monthly rent. If an amount equal to the full initial price, plus interest, has been paid in equal tranches, the buyer may then exercise the opportunity to purchase the goods at a predetermined price (usually a nominal amount) or return the goods to the owner. (h) drive or drive the vehicle by a person if, at the time of the trip, the tenant or any other person does not hold a current driver`s licence suitable for the vehicle. 5. The tenant can apply to the tenant for a credit card (VISA or MasterCard) as a guarantee of the amount agreed in the tenancy agreement as well as any other fees or fees that the tenant must pay according to the terms of the tenancy agreement. If no credit card is available, payment of the guarantee must be made either in cash, cash, direct credit, or EFTPOS before the start of the lease.
(a) the tenant has and enjoys the silent possession of these machines and equipment during the stay of this arrangement. (7) During the period of application of this agreement, the tenant maintains these machinery and equipment in good condition and maintains them properly, as a prudent man would, and replaces any lost or unused or broken parts.