Each lease implicitly guarantees that the tenant has the reserved goods and is in possession in peace and that the goods are free of any charge or charge. (c) “net price” for the goods included in a lease agreement, the cash price of these goods, which must be indicated in the lease under Section 4, point b), section 4, net of any instalments within the meaning of clause b). If a rental purchase of clause (a) pr. Klausel (b) section 2 of Section 18, no action or application of the landlord is brought against the tenant for the recovery of the goods, unless the landlord has notified the tenant of a written notification indicating the offence or act in question, and 29. The tenant will not cede the benefits and rights of this contract to another person whose consent is not unduly denied or denied without the company`s prior written consent. AND CONSIDÉRANT that the tenant asked the company to rent the machines and equipment mentioned to allow the tenant to manufacture … with an option for the tenant to buy the same thing. 8.5 If the postman terminates the contract in accordance with point 8.4 of the contract, the seller is entitled to terminate the service contract with the contract for the performance of current/recurring transactions. 11.

Hirer proposes to install the machines and equipment mentioned in ……. and undertakes not to withdraw them elsewhere without the company`s prior written consent. The tenant must not remove the badges attached to the machine in order to identify the property of the company during the period of hanging of this agreement. 3.1 Immediately after payment of the down payment and contractual tax as well as all other taxes mentioned in the special conditions, the seller transfers the goods in direct possession of the buyer to the seller`s headquarters or, in the case of a remote contract, to the place of the seller or buyer, according to the agreement of the contracting parties. If the buyer is late in paying the payments, the owner can recover the merchandise, a seller`s protection that is not available with unsecured credit systems for consumers. HP is often beneficial to consumers because it distributes the cost of expensive items over a longer period of time. Business owners may find differences in balance sheet processing and tax treatment of leased property advantageous to their taxable income. HP requirements will be reduced when guarantees or other forms of credit are available to consumers. 1. The tenant may, at any time, before the end of the current payment under the purchase contract of the lessor and according to the owner`s indication, no less than fourteen days; Written notification of the owner`s intention to do so and to deliver or deliver the goods to the owner, to terminate the lease by payment or offer to the owner the sums that were paid on the purchase price of the lease and which were not paid by the owner, including, if applicable, the amount he must pay in accordance with subsection 2. 3. The central government may, by notification to the Official Journal and after consultation with the Reserve Bank of India, set the rate per year, i.e.

a rate that cannot be less than 10% per year, at which legal levies can be calculated in accordance with the subsection (2) and where different rates may be set for lease-sale contracts for different product classes or sub-classes. (1) If a tenant commits more than one late payment, as stipulated in the tenancy agreement, the lessor is entitled to terminate the contract by the written termination of the tenant by the written termination of the lessor.