Vehicle Lease Agreement Terms And Conditions

2.1.3. In the absence of the tenant`s response to calls and text messages, on e-mail letters, on other attempts by the landlord to contact the tenant received during the tenancy agreement, the lessor is entitled to take all measures to bring the vehicle back to the desired list; With a lease, unlike a loan, you are expected to make your payment at the beginning of each month. Thus, you must include your first month payment in the pre-payment you owe to the merchant at the beginning of the lease. This car rental agreement (the « contract ») defines the conditions under which [LESSOR NAME] (the « renter »), a company, Registered under [STATE] law with the registered number [REGISTERED NUMBER] and having his address registered under [ADDRESS], he leases a vehicle to [LESSEE NAME] (the « tenant »), a company duly registered in accordance with the law of [STATE] with the registered number [REGISTERED NUMBER] and which has its address registered to [ADDRESS] (together the « parts »). PandaTip: Rental prices must be described in the most detailed way possible, the car or other vehicle can be rented for a flat fee, a weekly fee, a monthly fee, per trip or per mile. Examples include: « … $5,000, » the $500 per calendar month paid on the last day of each month in which the car lease is in effect. » the sum of $0.50 per mile that leads the vehicle to be payable monthly and to calculate from the vehicle`s mileage meter. The insurance policy should include the ability to control the tenant transferred to the vehicle. The « money factor » is a number used to calculate your lease payment. It corresponds approximately to the « annual percentage » of the lease when multiplied by 2400. For example, a monetary factor of 0.00336 in an 8.1% APR (2400 times 00336 corresponds to 8.1). Monetary factors differ for different vehicle models and rental conditions, and different leasing companies generally have different monetary factors.

Everything else is the same, a lesser monetary factor means lower payments. Leasing companies can use either monetary or RPOs to express the financial terms of a lease. If a company indicates a monetary factor, we list it and an estimate of the RPA in Appendix A. 3.1. The parties to this agreement set the rental costs of the vehicle in rubles for the period – per day/hour. « Additional driver/ driver » – a natural person listed in the rental agreement as a « user » who signs the rental contract and supports the vehicle and is also responsible for complying with all the provisions of the rental agreement. 2.5.1. Drive a car in the absence of a driver`s licence in the category required for the registration of a rented vehicle, as well as other documents provided for by the legislation of the Republic of Belarus; « residual value, » the theoretical value of the leasing company at the end of the lease period.