Tenets Of A Valid Hire Purchase Agreement

The tenant also has the right to terminate this contract at any time by dismissing the company no less than fourteen days in advance for this purpose, but in this case the tenant is obliged to pay the company the sums incurred for the rental costs, have not been paid and the amount of the rental fees to be paid for the period from the date of termination to the agreed amount. The duration of this contract would be subject to the provisions of Article 10 (2) of the Law on the Purchase of Rents in compensation for the damage suffered by the company. Leases can be concluded with banks, mortgage companies, financial companies and certain retail businesses, for example. B garages. The store or garage doesn`t really provide the credit. He acts as an agent for a financial company and earns commissions from the finance company for the intermediation of the loan.

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