The Following REQUIRED Information Is Missing Or Needs Attention. You May Enter/Correct The Information Here,
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YOU'RE ONLY FOUR EASY STEPS FROM GETTING YOUR CUSTOMIZED SIGNATURE READY AUTOMOBILE LEASE AGREEMENT
1. In the table below, enter the information specific to your lease agreement. 2. Use your credit card to pay $14.95 for the custom-tailored Document. 3. Print the Document that is immediately emailed to you. 4. Have both parties sign the document. Breathe a sigh of relief--you have your agreement in writing!
Below are the descriptions of the information we need from you.
Give us your information in the boxes below.
Below is helpful information to quickly guide you through this process.
Enter any special provisions to include in the lease agreement:
Use declarative sentences for each provision and end each with a period.
Show me samples of these sentences.
Vehicle Identification Number:
V.I.N. is an acronym for Vehicle Identification Number. Every titled vehicle in the United States has a unique VIN. The VIN can be found on a small plate located on the driver's side of the dashboard or doorjamb.
Accessories And Optional Equipment:
Accessories and optional equipment can include any items such as luggage racks, sporting equipment racks, tire chains, etc., that can be added to a vehicle. Therefore if you are leasing a vehicle to another person, and the vehicle being leased has some type of additional equipment and it will be included as part of the lease, you will want to enter each item individually. After you enter all of the accessories or optional equipment being leased with the vehicle, you will then enter current dollar value of each item item that you listed.
Special Provisions
In this section you should describe any unique or unusual parts of your agreement that probably aren’t part of our standard form. In the case of an automobile lease, a special provision might be that the lessee may not drive off-road.
Use the special provisions option to enter your own custom provisions and insure that your entire agreement is in writing. If there are no special provisions, just select “no” in response to the special provision option and your lease agreement will be governed by the most common provisions already included in our standard form.
If you decide to include special provisions in your lease, just select “yes” in response to the special provision option and describe the provisions in the box that appears. The provisions you describe will be automatically inserted into your document and become binding. Describe the provisions in the form of short declarative sentences, such as “Parties acknowledge that the lessee may not drive the vehicle out of the state of Kentucky.”
NOTE: Whatever special provisions you write in will supersede any other conflicting provisions in your lease.
Lessor:
The person who owns the property and who receives rent or lease payments from another to use the property is sometimes called the “lessor”. When the lessor is leasing an apartment or house to another, the lessor is often referred to as the “landlord”.
Buyout Option:
Many lease agreements include the option for the lessee to purchase the property being leased. We offer three buyout options you may choose from to include in your lease agreement. The three options are:
At the end of the lease for the fair market value. This buyout option is useful when neither party is certain what a fair purchase price of the vehicle will be at the end of the lease. Using this valuation method sets the price equal to an amount as reported in trade valuation books such as Kelly Blue Book. Whatever amount is shown in such trade valuation books will be the one the lessee must pay to purchase the property at the end of the lease.
At the end of the lease for a preset amount. This option allows the parties to include the so-called “one dollar buyout” provision where the lessee purchases the property for one dollar upon the expiration of the lease term; it’s an effective way to make a lease act as an installment purchase agreement. Of course, the price doesn’t have to be one dollar; you may enter any predetermined purchase price you see fit.
At any time during the lease for a preset amount. Like the option above, this buyout provision allows the parties to agree in advance what the lessee must pay to purchase the property, but gives the lessee the flexibility to make the purchase at any time during the term of the lease.
Lessee:
The term “lessee” applies to the person or people who are making rent or lease payments to another for the use of property. When the lessee is leasing an apartment or house the lessee is often referred to as the “tenant”.
Lease Commencement Date:
The lease commencement date is the date on which the lessee takes possession of the property and begins to use it. That is the date you should enter in the box on this line. The lease term begins to run on the lease commencement date.
NOTE: The lease commencement date is NOT the date on which the parties sign the lease. The signing date could be months ahead of the time that the property becomes available for use.
Lease Term:
The term of the lease is the length of time the lessee has the right to pay for and use the property. The term begins running on the lease commencement date. In our documents the term is measured in months, such as 36 months for a three year lease. Be sure you enter the number of months in this format, using an actual number to represent the number of months the lease shall continue.
Monthly Rental Payments:
The “rent” or “rental payment” is the amount of money the lessee must pay on the first day of each month to the lessor for the use of the property. Enter that amount here as a number of U.S. dollars. Don’t include the dollar sign or the comma, we will insert those for you.