7.11 The owner undertakes to cover the costs of maintenance and repair of routine vehicles due to normal and express wear, except for damage caused by a collision. The tenant can pay and recover the costs to the landlord only with the prior written consent of the landlord. A vehicle rental contract is a contract between a vehicle owner (owner) and a person who pays ownership of the vehicle to the owner for a specified period (Lessee). The amount of rent, usually paid monthly, consists of a depreciation tax for vehicles, a financing tax corresponding to the interest on a car loan and all value-added taxes. The vehicle sale contract for this vehicle sale contract is concluded on this day of , 20 , from and under (hereafter referred to as “seller”) and (hereafter referred to as “buyer”). Buyers and sellers are collectively referred to as “the parties.” A vehicle lease also lists all penalties for terminating the lease before the end of the term. Penalties for early termination may include payment of the remaining rent balance as well as additional fees. A vehicle lease is a document used to reflect a contract between a vehicle owner, the vehicle owner, and someone who pays the owner to own and use the vehicle for a predetermined period known as a tenant. A vehicle rental contract is most often used with new and used cars, trucks and motorcycles.
However, the agreement can also be used with other motor vehicles with an identification number (VIN) and a license plate. The use of a vehicle lease protects both parties from any misunderstanding or misunderstanding that may occur during the term of the lease by providing written documents on the lease conditions. This document contains all the information necessary to establish a complete and complete lease. The document contains relevant credentials, such as the addresses and contact information of the parties. It also contains the main features of the agreement between the contracting parties, such as a complete description of the vehicle, all the royalties to be paid by the tenant when signing the lease (for example. B down payment, bond, registration fee, etc.), the value of the retail sale (and, if applicable, the negotiated value) of the leased vehicle, the renter`s interest rate calculated at the end of the lease and the expected value of the vehicle. Finally, the agreement sets out the status of the payments and the amount to be paid by the tenant to comply with the agreement, as well as any late fees if the payments are not made on time.