12. The owner agrees to authorize the tenant to authorize, on his own behalf, the registration of that car with respect to the provisions of the Motor Vehicle Act 1988 and the provisions made in it; when the tenant transfers the registration of that car to the owner`s name, if the owner requires it. 26. With respect to the exercise of the option and the payment of the price of the machinery and equipment and other funds covered in point 25, the sale of these machines and equipment to the tenant is considered to be completed, as the option comes into effect on the effective date of the option. Until then, however, the company will remain the owner. However, if the tenant does not pay the amount owed and to pay to the company, as it is payable on the date the option takes effect, that contract is terminated and the tenant will immediately return the machinery and equipment to the company in good working condition. 13. The agreement is specific to the tenant and the tenant`s rights cannot be transferred in favour of third parties. 30. If, at the time of the decision of this agreement, the tenant, by date or other means, does not supply these machines and equipment to the company without litigation, the company is entitled to sue or initiate another procedure to recover the property of the business, and the tenant is obliged to pay all costs , expenses and expenses.
that are born out of society. , subject to a decision of the Court of Justice. The financial company can only recover the goods in certain circumstances. If the consumer has not yet paid a third of the total cost of the rent, the landlord can take possession of the goods at any time without taking legal action against the consumer. 2. The tenant pays the landlord for the execution of these gifts for the purchase option included the sum of rs………… And for what credit is granted if the car in question is purchased in accordance with the terms of this agreement and will be addressed to the owner at his address for the time being and without request the sum of rs……… Each calendar month as rent for the rental of said car, the first payment on the ……… Day of …………
And any additional payments on the 10th day of each following month. On the other hand, some companies may want to use the assets, but their liabilities. In this case, the fact that the property is not transferred immediately becomes an advantage. Companies that wish to finance their assets through accounting financing methods are those that are more interested in the leasing system. The use of leases as a type of off-balance sheet financing is strongly discouraged and does not conform to general accounting principles (GAAP). These contracts are most often used for goods such as cars and high-quality electrical appliances, for which buyers are unable to pay directly for the goods. This agreement was reached at … …………… das………………. Day of ………… 2000, between a ……………. (hereafter the owner) of the first part and b …………….
(hereafter referred to as tenants) of the second part and c……………. (hereafter referred to as distributors) of the third part. The tenancy agreement is a kind of rental agreement whereby the tenant (Lessee) acquires the assets and transfers his property to the tenant (landlord) against periodic payments. The question is that if the lease is some kind of lease, why is a leasing business necessary when the same transaction can be pursued by the leasing company? That is because the nature of the two companies is very different.