Payment requirements for leasing

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It is extremely important to note in the text of the leasing agreement the need to make payments strictly within the established deadlines. Failure to comply with this requirement may lead to the termination of the agreement. This usually happens if the client has two consecutive delays.

Payment requirements for leasing

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The payment schedule is of great importance here.

There are three most commonly used types of lease payments:

Regressive – the payment amount decreases each subsequent month.

Annuity – the amount of payments remains unchanged until the end of the term.

Seasonal – the seasonality of the cameroon email list client’s business is taken into account when drawing up the schedule. Thus, agricultural firms make the bulk of payments in the fall, when the harvest is sold.

There are certain nuances that positively or negatively affect the activities of the lessee. When concluding an agreement, it is worth clarifying the following points:

Amount of initial payment.

Rate of appreciation.

Is it possible to redeem property early and are there any penalties?

Is the object of the transaction subject to insurance, and what is the lessee responsible for?

Is there any control over the operation of the equipment and in what form?

Is there provision for training of the lessee's personnel and maintenance of the leased equipment?


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Checking the equipment leasing agreement
Leasing is a specific form of rent, which should be kept in mind when negotiating the terms of the agreement. The lessee uses the property of the lessor and makes lease payments as rent.

Comprehensive assessment of the rental property taking into account the purposes of use

If any faults are found in the rented property (especially if they interfere with its operation), they must be recorded in the contract. The tenant has the right to demand that the faults noticed be eliminated and compensation for the costs incurred in connection with this.

If, according to the agreement, the property is rented for specific purposes, but in reality the tenant uses it for other purposes, the landlord has the right to terminate the agreement and recover damages (if the requirements are refused).

The lease agreement must contain a clear and complete description of the leased property. In addition, the details of the seller of the property transferred to the lessee must be reflected.