Lease To Own Agreement printable pdf download

Lease to Own Agreement

This contract is made between the seller and the buyer as designated on the submitted order.

1. Payment. Seller agrees to sell, and Buyer agrees to purchase the articles described above (“goods”) upon the terms

set forth herein. An initial installment payment hereunder shall be due immediately upon purchase. Thereafter,

eleven (11) subsequent equal installments shall be charged to your credit card on or about the first day of each

month. Subject to Seller's approval you may provide an alternate form of payment for any installment due

hereunder, provided the same is received by Seller prior to the first day of the Month. You, the Buyer shall provide

a valid credit card which shall remain valid throughout the term of this Agreement, and Seller is hereby authorized

to charge all of the installments and fees hereunder (including the Installment Agreement Fee) against said card. In

the event that charges against buyer's credit card are declined by the issuer, Seller shall so notify Buyer who shall

arrange for alternate payment within three (3) business days. Should Buyer fail to do so, Seller may declare Buyer

to be in default of this Agreement.

2. Additional Information; Credit Check. Seller may, in its discretion, require additional information from Buyer,

for the purpose of determining Buyer's creditworthiness and Buyer agrees to provide such information in a timely

fashion following Seller's request therefore. In the event Buyer refuses to provide this information, Seller may

elect to terminate this Agreement.

3. Warranties. No representation or statements have been made by seller concerning the goods except as stated in

this agreement, and no warranty, express or implied, by seller, arises apart from this writing. Buyer warrants that

any property offered in trade for the goods is free from any lien, claim, encumbrance or security interest.

4. Fees.

(a) Lease to Own Fee: Buyer agrees to pay the published Origination Fee with and in addition to the first

installment payment due hereunder. Additionally, Buyer shall pay all costs of filing this contract or any

financing or termination statement with respect to the goods, and appoints seller buyer's attorney-in-fact to do

whatever seller may deem necessary to perfect or continue perfected its security interest in the goods.

(b) Late Fees: A late fee of $15.00 per late payment shall also apply.

5. Retention of title/security interest. Until all installment payments, and all other amounts due under this

agreement, have been paid, seller shall retain title in, and ownership of the goods, together with a security interest

therein and any and all equipment, parts, accessories, attachments, additions and other goods, and all replacements

of them, affixed to or used in connection with the goods and, if buyer sells or otherwise disposes of the goods in

violation of the terms of this agreement, in the proceeds of such sale or disposition. Seller may, in Seller's sole

discretion, elect to file a Notice of Security Interest with the State of Buyer's residence to protect this Security

Interest in the Equipment

6. Condition of Equipment: All Equipment is new at the time of shipment to the Buyer. Upon receipt of the

Equipment, Buyer shall inspect the same. Buyer shall be deemed to have inspected the Equipment and

acknowledged that the Equipment is in good and acceptable condition, unless Seller shall have received written

notice of any defect or damage immediately following receipt of the Equipment.

7. Damage; Damage Protection:

(a) Buyer responsible: Buyer shall be responsible for any theft, loss or damage to the equipment, and in the event

of such loss or damage, shall remain responsible for all installment payments hereunder.

(b) Damage Protection: If Buyer has elected to pay the monthly supplemental Damage Protection fee, then, in the

event of damage to the Equipment during the Term of this Agreement, and not caused by Buyer's gross

negligence or willful act, then Seller shall, at Seller's sole discretion, repair or replace such damaged

equipment at no cost to Buyer. Buyer is responsible for replacement of broken strings and reeds, which are

NOT covered by this Damage Protection. Damage protection coverage ends on the day that the final

installment payment has been paid to Seller.

8. Maintenance. Buyer shall keep the goods in good condition and free from liens and other security interests, shall

pay promptly all taxes and assessments upon them or with respect to their use, shall not use the goods illegally or

dispose of or encumber them, shall not remove the goods from the premises to which they are delivered as stated

on the face of this contract, without the prior written consent of seller and shall not permit the goods to be fixtures,

Lease To Own Agreement

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