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Hire Purchase Agreement Terms

by Brian on September 22, 2021

22. The tenant also has the right to terminate this contract at any time by sending it to the company not less than fourteen days in advance, but in this case, the tenant is obliged to pay the company the sums incurred for the unpaid rental costs and the amount of the rental costs which, for the period from the date of termination to the defined period of this contract, would be considered as and as compensation. for damages suffered by the Company, subject to the provisions of P. 10 (2) of the De Hire Purchase Act. 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. If you do not respect your rental car purchases, you may lose your car. The financial house can only repossess the goods in certain circumstances. If the consumer has not yet paid one third of the total cost of the rental, the owner may at any time repossess the goods without taking legal action against the consumer. 25. In the latter case, if the purchase option is exercised before the expiry of the term of the contract, the tenant is obliged to pay an amount equal to the mentioned rental purchase price or the balance thereof, which must be paid in monthly instalments of the rental fee until the date of the agreed term of the contract in an amount equal to two-thirds of an amount, which calculates at the purchase of rental the same share as the balance of the purchase price of rental which is not due until then to the rental purchase price. 9.2 By concluding the contract, the buyer gives the seller and the factor its consent to the processing of the buyer`s data for the purpose of the performance of the contract, in accordance with the terms of the contract and the “principles of customer data processing” of the factor available on the website of the factor (

As part of a lease purchase plan, the consumer is required to properly maintain the rented goods. If the goods are damaged by the consumer and returned to the owner or financial company, they are allowed to send the consumer a repair invoice. If this rule of the third party is violated by the owner, the consumer has the right to withdraw from the contract and can request the refund of all payments made. For more information on the rule of thirds, please visit the website of the Competition and Consumer Protection Commission. . . .

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