Car Lease Deal

By | December 17, 2011

A car lease deal is an official scheme by virtue of which a person is allowed to lease a car from a car leasing company. It is a document of legal importance and every provision laid down under this bears legal repercussions. Thus the framing of such a document is critical and should be attempted only by experienced persons.

Sample Car Lease Deal

Hire and Rent Cars (referred to as lessor) at 6, Loudon Place, US and

Kimberly Browser (referred to as lessee) from 8, Fountain Building, US

have mutually entered into a legal deal stating that the former has leased a car to the latter for a certain time span due to a certain reason. [Car details in annexure 2].

Statements:

1. The car will be used for travelling in and out of the city only for official purpose. Any kind of activity which is labeled as an offense under the US law is not allowed to be executed with the help of the car which includes trafficking and smuggling.

2. The lease deal will remain valid for a legal period of 6 months which starts from 5th November, 2011 at 9 am and ends on 4th April, 2012 at 9 am. The car has to be returned to the company office by the stipulated time.

3. The gross capitalized cost and the tentative residual cost of the car for the leasing period has been determined to be $6000 and $2000 respectively. The payments have to be done by check only.

Signature of lessor: Gordy Brown (manager)

Signature of lessee: Kimberly Browser


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