Leases are similar to leases that give the lessor the ability to buy at any time during the agreement, such as . B car rental. Like rent, rental purchases can benefit consumers with bad credit by spreading the cost of expensive items that they could not afford over a long period of time. However, this is not the same as a credit extension, since the buyer technically only owns the item once all payments have been made. (b) any guarantee granted by the tenant or potential purchaser for the money to be paid under the contract or a deposit for the money to be paid under such a guarantee contract is considered never enforceable. (1) Any lease-sale agreement indicates that the tenant or potential purchaser may, at any time after the signing of the corresponding document and before the expiry of the four-day period beginning from the date on which he receives the second legal copy, a notification under this section (in this part of this Act, called “retraction”).) , to the extent that it is stated in this paragraph, with respect to all leases to which the main law applies, whether under Section 1 of this Act or in some other way, either before or after the commencement of this Act, and with respect to all conditional sales contracts that apply to section 21 of this Act. , whether they are taken before or after the beginning of this law, i.e. -4) any provision of each lease-sale to be implied. 10A conditional sales contract is not considered a sales contract within the meaning of paragraphs 12 to 15 of the Balance of Goods Act of 1893 (which implies certain conditions and guarantees in sales contracts). The use of leases as a type of off-balance sheet financing is strongly discouraged and does not conform to general accounting principles (GAAP). Lease-to-sale agreements can be entered into with banks, real estate credit companies, financial companies and certain retail stores, such as garages.B. The store or garage does not actually offer credit.
It acts as an intermediary for a financial company and receives commissions from the financial company for the intermediation of the loan. 5 Except as provided in the previous point, the main law and part I of this Act have no effect with respect to the lease, credit agreement or conditional sales contract, which – b) proves that prior to the agreement, the provision of the agreement is such that it was notified to the tenant and that its effect was communicated to the tenant and that its effect was clearly communicated to the tenant. , “guarantee contract” refers to a contract with an express or implied request of the tenant or buyer for a lease or lease agreement, in order to ensure the performance of the tenant`s or purchaser`s obligations through the lease or loan, or to compensate the landlord or seller for any losses that may be related to the lease or the sales contract; and the term “guarantor” must be interpreted accordingly; (2) If the only event mentioned in the subsection above is the death of the tenant, part of the agreement is, as stated in this subsection, null and void. b) fixing the goods to which the agreement relates, the premises in which they are to be used and the modification of the premises for the use of these goods and (3B) If, in the context of a lease agreement, the goods are defects mentioned in the agreement (whether they are defects in the agreement or another description of the similar effect) and – In the case of specific consumer claims against a financial company related to a financial contract , their complaint should be on the front line of the financial company.