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Form #957

Amendment Providing Option to Purchase

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Amendment Providing Option to Purchase - Free Legal Form

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Amendment providing option to purchase.

It is the intent of this amendment to offer to _________, in consideration of $_____ receipt of which is acknowledged, by lessor a purchase option on _________ trailer model _________, serial No. _________ under straight lease to that company by separate agreement dated _________. The above lessee shall have the right at the end of the _________ month rental period to purchase the trailer for $_____ less _________ percent of any paid in rentals. If lessee wishes to exercise purchase option or to extend the lease, lessee must notify the lessor _________ days prior to expiration of lease period.

Any relocation of the trailer during the period of the rental plan shall be at the expense of the lessee. At the termination of the _________ month rental plan, lessee must exercise the purchase option, return the trailer, or negotiate a new lease plan on the unit. Violation of any part of the lease voids lessee's rights to exercise this purchase option.

Witnesses:

Lessor _________

_________

By _________ Title

_________

Lessee _________

 

By _________ Title

 



 
Contributed by
Anonymous3
 
Name of Firm Anonymous3
Total Forms Contributed 102
 

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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 about the competence, character or qualifications of its participating members.
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