Members Auto lease is an organization which deals in leasing of a wide range of automobiles to the individuals who have signed up as the members of this organization. This organization claims to provide all of its customers with the best lease offers on the automobiles from a list of a number of manufacturers or producers. The lease arrangements which this respective organization makes with its customers are also referred to as members auto lease. A sample of a members auto lease is being provided here for the convenience, anybody can make use of this sample to fulfill their purposes.
Sample Members Auto Lease
This auto lease document is being prepared to be entered between the following two parties:
- Mr. Danny Malloy, manager of Members Auto Lease, i.e. the Lessor
- Mr. Jason Diluents, the lessee
This document states that the Members Auto Lease has leased out a vehicle to Mr. Jason Diluents. The vehicle is a pre- owned 2001 model of a Volvo C 70 Convertible, silver color, black leather, power brakes, auto black top, alloys and has run 75k miles.
The commencement of lease: 5th January, 2006
The expiry of the lease: 5th January, 2008
The duration of the lease: 2 years
- The amount to be paid for the issuance of the lease is $ 9,875 for the period of 2 years.
- The lessee of the automobile has an option to purchase the automobile after the expiry of the lease by paying a certain amount in addition to the amount paid for the lease.
- The lessee is responsible for the repairs and the maintenance of the vehicle during the course of the lease period.
- The lessee is also required to pay for the damages made to the automobile during the period of the lease.
- Any violations to the terms will be treated as breach of contract.
Signature of the Lessor:
Signature of the Lessee: