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Form #1569Lease and Buy Agreement
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Lease and buy agreement loan form.
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Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your
agreement to hold this site, its officers, employees and any contributors to this
site harmless for any damage you might incur from your use of any submissions contained
on this site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice. YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
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Lease and Buy Agreement
______________________, referred to as LEASING COMPANY and
______________________, referred to as CUSTOMER, agree:
CUSTOMER shall lease from LEASING COMPANY the following items:
_____________________________________________________________
LEASING COMPANY shall purchase the items set forth above as CUSTOMER’S
agent. LEASING COMPANY provides no warranty upon the goods, and the sole
warranty shall be that offered, if any, by the MANUFACTURERS and sellers of the
leased equipment. The equipment shall be located at:
_________________________________________________________________
and may not be moved without prior approval of LEASING COMPANY.
All expenses of delivery, set up and taxes of the leased goods shall be paid
directly by CUSTOMER to the providers of such services.
CUSTOMER shall maintain insurance coverage, at its expense, upon the leased
property with broad form coverage through an insurance carrier authorized to
transact business in the State of ________ acceptable to LEASING COMPANY, which
approval shall not be unreasonably withheld.
CUSTOMER agrees to pay LEASING COMPANY the total sum of $____
(_______________&___/100 dollars) in consideration of the lease of the
equipment, to be paid in ____ installments due ______________, with the first
payment due on __________________.
Upon the failure of CUSTOMER to pay any installment due, or to comply with
the provisions of this lease agreement, the LEASING COMPANY may accelerate the
payment of all remaining sums due. The CUSTOMER shall pay all taxes and levies
upon the equipment.
Any payment late by 10 days will incur a late charge of 5% of the face
amount of that payment as described above.
Upon default the LEASING COMPANY may take possession of the leased items,
and may enter the premises of CUSTOMER to do so.
CUSTOMER shall have the option to purchase the leased equipment at the
conclusion of the term of the lease, provided that all payments have been made,
for the sum of $________(______________& ___/100 dollars). Should CUSTOMER
decline to exercise this option, CUSTOMER shall return the equipment, at its
expense, to LEASING COMPANY.
The customer shall be responsible for all maintenance upon the leased items,
and shall keep the equipment in good operating condition.
Upon default, CUSTOMER agrees to pay any and all costs of collection
including attorney’s fees incurred by LEASING COMPANY. CUSTOMER shall not
move the leased items without the prior approval of LEASING COMPANY.
CUSTOMER agrees to execute financing statements or other documents
reasonably required by LEASING COMPANY.
Dated: _______________________________
_______________________________________
Customer
______________________________________
Leasing Company
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We hate getting spam as much as you do. So we have implemented a tough spam policy
regading how we deal with your email. We pledge that we will:
- Never rent, trade, or sell any email or any personal information to any third
party without your explicit consent
Terms Of Use
Submissions to this site, including any legal or business forms, posts, responses
to questions or other communications by contributors are not intended as and should
not be construed as legal advice. You are strongly encouraged to consult competent
legal council before engaging in any action based upon content contained on this
site.
These downloadable forms are only for personal use. Retransmission, redistribution,
or any other commercial use is prohibited. This includes reposting forms from this
site to another site offering free legal or other document forms for download.
Please note that the donator may have included different usage terms regarding this
form, and you agree to abide by these terms. It is highly recommended that you have
a licensed attorney review any legal documents for which you are searching in order
to make sure that your needs are being properly and completely satisfied.
Your use of this site constitutes your acceptance of our terms of use and your agreement
to hold this site, its officers, employees and any contributors to this site harmless
for any damage you might incur from your use of any submissions contained on this
site. If you do not agree to the above terms, please do not proceed.
These forms are provided to assist business owners and others in understanding important
points to consider in different transactions. They are offered with the understanding
that no legal advice, accounting, or other professional service is being offered
by these documents or on this website. Laws vary in the different states. Agreements
acceptable in one state may not be enforced the same way under the laws of another
state. Also, agreements should relate specifically to the particular facts of each
situation. Therefore, it is important to consult legal counsel whenever utilizing
these forms. The Forms are not a substitute for legal advice YourFreeLegalForms.com
is not engaged in recommending or referring members on the site or making claims
about the competence, character or qualifications of its participating members.
Close
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Have a form to contribute?
Contribute a legal or business form, checklist or article and have your profile
displayed on the same page as the form for free, powerfull, targeted marketing to
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Keywords: Lease and Buy Agreement, Loan Agreement
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