Sample car rental agreement with subsequent purchase

Lawyer - Pushkarev Yakov Vasilievich

There are two options for legal registration of selling a car in installments:

The first option is to conclude a purchase and sale agreement with installment payment. In this case, you can transfer the car to the owner either at the time of signing the contract or on the day of the last payment, depending on what you write in your contract. If a purchase and sale agreement is concluded, if the buyer cannot pay for the car, you will need to decide what to do with the money transferred by the buyer: return it to the buyer in full or taking into account the wear and tear of the car.

The second option is to enter into a car rental agreement with subsequent purchase. According to Part 1 of Article 624 of the Civil Code of the Russian Federation, the lease agreement may provide that the leased property becomes the property of the tenant upon expiration of the lease period or before its expiration, subject to the payment by the tenant of the entire redemption price stipulated by the agreement.

When concluding such an agreement, the money contributed by the buyer-lessee is considered both a rental payment and payment of the redemption price of the car. The buyer-tenant, in the event of termination of the contract before full payment of the redemption price, will not have the right to withdraw the money paid, since it is considered rent.

Sample car rental agreement with subsequent purchase:

Agreement

car rental with subsequent purchase

Khabarovsk "___" __________ 20_ _ years

_______________________________, hereinafter referred to as the “Lessor”, on the one hand, and _______________________________, hereinafter referred to as the “Lessee”, on the other hand, have entered into this car rental agreement as follows:

1. THE SUBJECT OF THE AGREEMENT

1.1. The Lessor transfers to the Lessee for urgent paid use a car of the brand ___________ model ____________, state registration number _______________ (hereinafter referred to as the car), and the Lessee accepts the specified car for personal use.

1.2. The car becomes the property of the Lessee upon expiration of the lease term, subject to the Lessee paying the entire redemption price specified in clause 1.3 of this agreement.

1.3. The redemption price of the car is ____________ rubles (____________________ in words ____________ rubles).

1.4. The car is used by the lessee for personal use; its use should not contradict its purpose.

1.5. For the duration of this agreement, the Lessor provides the Lessee with the documents necessary for driving the vehicles.

2. CONDITIONS OF THE AGREEMENT

2.1. When handing over the car, the parties to this agreement check its technical condition, stipulate any existing faults and the procedure for eliminating them. The fact of transfer of the car is formalized by the acceptance certificate, which is an integral part of this agreement.

2.2. In case of early agreement, the Lessee undertakes, after the expiration of the contract, to return the car to the Lessor in good technical condition, taking into account its normal wear and tear, if the condition of the body, interior, lighting fixtures, and chassis of the car corresponds to its description in the acceptance certificate on the day of transfer of the cars to the Lessee.

2.3. The lessee manages and operates the rented vehicle on his own.

2.4. If parts of the car are damaged due to the Lessee's fault, repairs are made at the Lessee's expense by replacing this part with a similar new part.

2.5. The time it takes to repair the car due to damage due to the Lessee's fault, as well as the time the car is idle due to the Lessee's fault in the parking lot or arrest area, is taken into account during the rental period of the Car and is paid by the Lessee in accordance with clause 3 of this Agreement. Parking of a car in a parking lot or arrest area due to the Tenant's fault is paid by the Tenant.

2.6. Current repairs of the vehicle are carried out by the Lessee at his own expense and on his own. The Lessee promptly changes the oil, tires, chassis parts of the Vehicle, light bulbs of optical devices (headlights), and filters of the Vehicle, taking into account the mileage of the vehicle and the time of year.

2.7. If the vehicle gets into a traffic accident, the Lessee immediately (within 30 minutes from the moment of the traffic accident) notifies the Lessor about the specified incident by sending the Lessor an SMS message to the cell phone number specified in clause 11 of this agreement, in which he indicates place and time of the traffic accident, information about the presence of injured persons, damaged parts of the car body, and the culprit of the traffic accident.

3. PAYMENT PROCEDURE

3.1. On the day of conclusion of this agreement, the Tenant, on account of the rent, pays the Lessor _________________ rubles.

3.2. Subsequently, the Tenant monthly, on the ______________ day of each month, pays rent in cash in the amount of ______________ rubles, until the redemption price specified in clause 1.3 is fully repaid. actual agreement.

3.3. The fact of receipt of funds by the Lessor from the Tenant is confirmed by a receipt drawn up by the Lessor and transferred to the Tenant.

4. DURATION OF THE AGREEMENT

4.1. The contract was concluded for the period from ____________________ to ________________________.

4.2. The agreement comes into force from the moment the parties sign the Vehicle Acceptance and Transfer Certificate.

5. RESPONSIBILITY OF THE PARTIES

5.1. When returning a car in a faulty technical condition, with damage to the car body or interior of the car, if such faults or damage occurred during the validity period of this agreement, and the presence of faults or damage is confirmed by a bilateral certificate or carried out within three days from the date of delivery of the car to the Lessor by a specialist opinion or expert, the Lessee pays the lessor the costs of repairing the car and the cost of a specialist or expert opinion.

6. CHANGE AND TERMINATION OF THE AGREEMENT

6.1. This agreement may be amended by agreement of the parties by drawing up an additional agreement, which is an integral part of this agreement.

6.2. This agreement may be terminated early at the initiative of the Lessor if the Tenant is late in paying rent. The Agreement is considered terminated on this basis from the moment the Lessor sends an SMS message to the Tenant to the Tenant's telephone number specified in clause 11 of this agreement, indicating in the SMS message which contains this expression of will.

6.3. at the request of the Lessor, the agreement may be terminated early by the court if the Lessee:

6.3.1. Uses the provided vehicle (entirely or its individual parts) for purposes other than those provided for in clause 1.1 of this agreement.

6.3.2. Intentionally or through negligence significantly worsens the condition of the vehicle.

7. DISPUTE RESOLUTION PROCEDURE

7.1. All disputes or disagreements arising between the parties under this Agreement or in connection with it shall be resolved through negotiations between the parties.

7.2. If it is impossible to resolve disagreements through negotiations, they are subject to consideration in a court of general jurisdiction on the territory of the Russian Federation in Khabarovsk on the basis of the law of the Russian Federation and in the manner established by the legislation of the Russian Federation.

8.1. The terms of this agreement and additional agreements to it are confidential and are not subject to disclosure. Information about the terms of this agreement and additional agreements to it, copies of this agreement can only be provided to banks and leasing companies to prove the solvency of the party to this agreement and obtain loans.

9.1. Neither party is liable to the other party for failure to fulfill obligations due to circumstances arising beyond the will and desire of the parties and which cannot be foreseen or avoided, including declared or actual war, epidemics, blockades, embargoes, earthquakes, floods, fires and other natural disasters .

9.2. A party that cannot fulfill its obligation must notify the other party of the obstacle and its impact on the fulfillment of obligations under the contract within a reasonable time from the moment these circumstances arise.

10.1. This agreement is drawn up in two copies having equal legal force. Each sheet of both copies is signed by both parties, and each Party receives one copy.

Vehicle rental agreement with option to purchase

Document type: Vehicle rental agreement

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An agreement to rent a vehicle, which provides for the right of its subsequent purchase by the leasing party, is signed between two parties - the lessor and the lessee. The subject of the agreement is a car provided to the last participant for use. At the same time, the tenant has legal rights to purchase the movable property.

First of all, their passport details are filled in – full name, series, number, place and date of issue of the passport.

The agreement includes a number of clauses that clearly stipulate the terms of the lease with purchase of the car:

payment for the use of a vehicle and the procedure by which settlements are made between the parties to the agreement;
obligations and rights of participants in this transaction;
special and additional conditions for car rental.

The period during which the agreement is valid must be specified.

The agreement is valid when both parties to the transaction sign it, after which each party receives a copy.

Other conditions

The text of the agreement states that if the car is returned to the lessor, it must be in proper condition, and certain documents must be attached.

Form of vehicle rental agreement with the right to buy

Sample of a vehicle lease agreement with the right to buy (completed form)

Download Vehicle lease agreement with option to buy

Vehicle rental agreement with the right to purchase No.

1. THE SUBJECT OF THE AGREEMENT

1.1. Under the terms of this agreement, the Lessor leases and the Lessee accepts for lease with subsequent purchase the following motor vehicle (hereinafter referred to as the Car):

model ;
year of issue ;
license plate ;
Engine No.;
Body no.

1.2. The car is leased to the Lessee on the terms of ownership and use. After the Lessee makes all lease payments and from the moment he makes the last payment of the rent to the Lessor, the Car becomes the property of the Lessee.

1.3. The Lessee, from the moment the Lessor transfers the car to him, receives the right to re-register the registration certificate in his name for the possession and use of the Car during the entire rental period.

1.4. As agreed between the Parties, the cost of the Car, taking into account depreciation rates, technical condition, presentation and demand in the automobile market, is rubles.

2. RENT AND SETTLEMENTS BETWEEN THE PARTIES

2.1. The rent is paid by the Tenant in the following order:

from the date of signing of this agreement to “ ” year in the amount of rubles per month;
thereafter, every month in equal amounts in the amount of rubles no later than the date of the month preceding the paid one.

2.2. The rent is transferred by the Tenant to the Lessor's personal bank account or paid to the Lessor in cash.

2.3. For late payments for a period of more than one month, the Tenant shall pay the Lessor a fine - a penalty in the amount of % for each day of delay from the amount of the next payment.

3. RIGHTS AND OBLIGATIONS OF THE PARTIES

3.1. The Lessor undertakes:

transfer to the Lessee, according to the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within working days from the date of signing this agreement.

3.2. The tenant undertakes:

accept from the Lessor, under the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within working days from the date of signing this agreement;
insure the Car for the entire duration of this agreement;
if you change your place of residence or financial condition, notify the Lessor about this within working days;
assume all risks associated with destruction or loss, theft, premature wear, deterioration and damage to the Vehicle, regardless of whether the damage is repairable or uncorrectable;
bear the burden of maintaining the Car in case of damage, and carry out all work on its repair and restoration at his own expense;
replace the damaged Car with any similar car, if it is impossible to restore it to a condition that satisfies the Lessor’s requirements;
make timely payments to the Lessor for the payment of rent.

3.3. The Lessee has no right to dispose of the Car (change, pledge, alienate in any other way) without the consent of the Lessor. Sublease of the Car is permitted upon agreement with the Lessor.

4. SPECIAL CONDITIONS

4.1. From the moment of signing this agreement and the acceptance certificate of the Car, all possible risks, including the risk of accidental death or accidental damage to the Car, pass to the Lessee.

4.2. Neither Party has the right to transfer its rights or obligations under this agreement to third parties without the written consent of the other Party. Any such transfer/assignment of rights or obligations made contrary to the terms of this agreement will be void and of no legal force.

4.3. In the event of the death of the Lessor, he is recognized by the court as missing, incompetent or partially capable, his rights pass to his close relatives in the manner prescribed by law.

5. ADDITIONAL CONDITIONS

5.1. Unilateral refusal by the Parties to fulfill the terms of this agreement is not permitted.

5.2. Amendments or additions to this agreement are permitted by agreement between the parties.

5.3. All changes and additions to this agreement must be made by signing additional agreements by authorized persons of the Parties.

5.4. It is allowed for the rent under this agreement to be paid for the Tenant by a third party (legal entity or individual) in full or part of the rent amount.

6. OWNERSHIP

6.1. After the Lessor receives from the Lessee the entire amount of money specified in clause 1.4 of this agreement, the Car becomes the property (possession, use and disposal) of the Lessee.

7. TERM OF THE AGREEMENT

7.1. This agreement was concluded by the Parties for a period of years and comes into force on the date of its signing by the Parties.

7.2. This agreement may be terminated by the Lessor unilaterally in the event of systematic (more than two times) failure by the Lessee to fulfill its obligations under this agreement in terms of timely payments of rent. In the event of termination by the Lessor of this agreement on the grounds specified in this paragraph, the Car and the technical passport for it is returned to the Lessor within working days from the date of termination of this agreement.

7.3. This agreement is terminated if the Lessee fulfills all of its obligations under the agreement, including the full and early payment by the Lessee of the entire amount specified in clause 1.4 of this agreement and the return of the Car to the Lessor.

8. CONSIDERATION OF DISPUTES

8.1. All disputes and disagreements arising from this agreement or in connection with it, the Parties will, if possible, resolve through negotiations. If the Parties do not come to an agreement, the dispute is subject to consideration in court in the manner prescribed by law.

8.2. In everything that is not provided for in this agreement, the Parties will be guided by the current legislation of the Russian Federation.

9. OTHER CONDITIONS

9.1. The car is transferred according to the technical condition certificate with the attachment of a technical passport, a power of attorney for transactions with the car, a copy of the certificate of previous purchase, and operating instructions.

9.2. In case of return of the Car under the terms of clause 7.2 of this agreement, the Car is transferred under the acceptance certificate with the documents attached under clause 9.1, and the return is carried out in its original condition, taking into account normal technical wear and tear during operation. This agreement has been drawn up in two copies, each having equal legal force.

Vehicle rental agreement with option to purchase

[enter the required one] [date, month, year] [Name of the organization, enterprise, institution], represented by [manager position, full name], acting on the basis of [enter the required one], hereinafter referred to as the “Lessor” , on the one hand, and [name of organization, enterprise, institution], represented by [position of manager, full name], acting on the basis of [enter as necessary], hereinafter referred to as the “Tenant”, and together referred to as the “Parties”, have entered into this agreement as follows:

1. The Subject of the Agreement

1.1. The subject of this lease agreement is the provision by the Lessor for temporary possession and use, for a fee to the Lessee, of a vehicle of brand [fill in what is required];

— model [enter as required];

— modification (type) [enter as required];

— year of manufacture [value];

— state number [enter as required];

— identification number (VIN) [value];

— color [enter as needed];

— N chassis (frame) [value];

— Engine N [value];

— N of the body (stroller, trailer) [value];

— vehicle passport series [value] N [value], issued on [day, month, year, name of organization], with the right to purchase the vehicle.

1.2. The vehicle is leased to the Lessee on the terms of ownership and use, without providing management, maintenance and operation services.

1.3. The specified vehicle is in good condition, meeting the requirements for operating vehicles.

1.4. The lessee, on his own and at his own expense, ensures proper operation, and also bears the costs of maintaining the vehicle and expenses arising in connection with its operation during the entire term of the contract.

1.5. The Lessee has no right to dispose of the vehicle without the consent of the Lessor. Sublease of a vehicle is also possible upon agreement with the Lessor.

2. Payments and settlement procedures

2.1. The cost of using a leased vehicle is [value] rubles in [specify period].

2.2. The specified rent is paid by the Tenant by transfer to the Lessor's bank account before [enter as necessary].

2.3. The purchase price of the leased vehicle is [fill in as appropriate].

2.4. When a vehicle is purchased by the Lessee, previously paid lease payments are included in the redemption price. The Lessee shall pay the remainder of the redemption price within [value] days after the end of the vehicle rental period to the Lessor's bank account.

2.5. The amount of rent and redemption price, if necessary and objective realities exist, may be changed during the term of the contract by agreement of the Parties.

2.6. The Lessee has the right to demand from the Lessor a reduction in the rent and redemption price in the appropriate amount if, due to circumstances over which he cannot influence and for the result of which he cannot be responsible, the conditions of use of the leased vehicle provided for in the contract, or the condition of the vehicle in vehicle rentals have deteriorated significantly.

3. Transfer of ownership

3.1. After paying the redemption price stipulated by the contract to the Lessor, the vehicle becomes the property of the Lessee.

3.2. The exercise of the Lessee's right to purchase the vehicle and transfer of ownership is formalized by drawing up and signing an additional agreement by the Parties.

4. Obligations of the Lessor

4.1. Transfer to the Lessee, under the acceptance certificate, the vehicle that is the object of the lease, and the technical documentation related to it within [meaning] days from the date of signing this agreement.

4.2. Check the serviceability of the rental vehicle in the presence of the Lessee.

5. Responsibilities of the Tenant

5.1. Accept the vehicle from the Lessor under the acceptance certificate within [meaning] days from the date of signing this agreement.

5.2. Bear the costs of maintaining the rented vehicle, its insurance, including liability insurance, as well as expenses arising in connection with its operation.

5.3. During the entire period of validity of the vehicle rental agreement, maintain it in proper technical condition, as well as carry out regular maintenance, routine repairs, and provide the vehicle with the necessary spare parts and other accessories.

5.4. If there is a change in location or financial condition, notify the Lessor within [value] business days.

5.5. Make payments stipulated by the contract in a timely manner.

6. Duration of the contract

6.1. This agreement was concluded by the Parties for a period of [value] years and comes into force on the date of its signing by the Parties.

6.2. This agreement may be terminated by the Lessor unilaterally if the Tenant systematically (more than twice) fails to fulfill its obligations under the agreement in terms of timely payments of rent.

6.3. In the event of termination of this agreement on the grounds specified in clause 6.2., the vehicle is returned by the Lessee within [meaning] days from the date of termination of the agreement.

6.4. This agreement is terminated if the Lessee fulfills all of its obligations under the agreement, including full and early payment by the Lessee of the entire amount of the redemption price, as well as when the vehicle is returned to the Lessor.

7. Responsibility of the Parties

7.1. A party to a contract that fails to fulfill or improperly fulfills its obligations under the contract shall be liable if there is fault.

7.2. The Lessee is obliged to compensate the Lessor for losses caused in the event of death or damage to the rented vehicle if the Lessor proves that the death or damage occurred as a result of circumstances for which the Lessee is responsible in accordance with current legislation or the terms of this agreement.

7.3. A party to a contract whose property interests are violated as a result of non-fulfillment or improper fulfillment of obligations under the contract by the other Party has the right to demand full compensation for losses caused to it by this Party.

8. Dispute resolution procedure

8.1. The parties will take all measures to resolve emerging disputes and disagreements through negotiations.

8.2. If mutual understanding is not reached, the dispute is referred to the arbitration court in accordance with the current jurisdiction.

9. Final terms

9.1. The Parties do not have the right to transfer their rights or obligations under this Agreement to third parties without the written consent of the other Party.

9.2. Changes and additions to this agreement are made in writing and signed by the Parties.

9.3. All additional agreements are attached to this agreement and are an integral part of it.

9.4. This agreement is drawn up in three authentic copies having equal legal force, two copies are kept by the Lessor, the third copy is transferred to the Lessee.

9.5. On issues not reflected in the agreement, the Parties are guided by current legislation.

Car rental agreement with option to purchase

LEASE CONTRACT

1. THE SUBJECT OF THE AGREEMENT

1.1. Under the terms of this agreement, the Lessor leases and the Lessee accepts for lease with subsequent purchase the following motor vehicle (hereinafter referred to as the Car):

model ;
year of issue ;
license plate ;
Engine No.;
Body no.

1.4. As agreed between the Parties, the cost of the Car, taking into account depreciation rates, technical condition, presentation and demand in the automobile market, is rubles.

2. RENT AND SETTLEMENTS BETWEEN THE PARTIES

2.1. The rent is paid by the Tenant in the following order:

from the date of signing this agreement until “ ” 2019 in the amount of rubles;
thereafter, every month in equal amounts in the amount of rubles no later than the day of the month preceding the paid one.

2.2. The rent is transferred by the Tenant to the Lessor's personal bank account or paid to the Lessor in cash.

2.3. For late payments for a period of more than one month, the Tenant shall pay the Lessor a fine - a penalty in the amount of % for each day of delay from the amount of the next payment.

3. RIGHTS AND OBLIGATIONS OF THE PARTIES

3.1. The Lessor undertakes:

transfer to the Lessee, according to the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within working days from the date of signing this agreement.

3.2. The tenant undertakes:

accept from the Lessor, under the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within working days from the date of signing this agreement;
insure the Car for the entire duration of this agreement;
if you change your place of residence or financial condition, notify the Lessor about this within working days;
assume all risks associated with destruction or loss, theft, premature wear, deterioration and damage to the Vehicle, regardless of whether the damage is repairable or uncorrectable;
bear the burden of maintaining the Car in case of damage, and carry out all work on its repair and restoration at his own expense;
replace the damaged Car with any similar car, if it is impossible to restore it to a condition that satisfies the Lessor’s requirements;
make timely payments to the Lessor for the payment of rent.

3.3. The Lessee has no right to dispose of the Car (change, pledge, alienate in any other way) without the consent of the Lessor. Sublease of the Car is permitted upon agreement with the Lessor.

4. SPECIAL CONDITIONS

4.3. In the event of the death of the Lessor, he is recognized by the court as missing, incompetent or partially capable, his rights pass to his close relatives in the manner prescribed by law.

5. ADDITIONAL CONDITIONS

5.1. Unilateral refusal by the Parties to fulfill the terms of this agreement is not permitted.

5.2. Amendments or additions to this agreement are permitted by agreement between the parties.

5.3. All changes and additions to this agreement must be made by signing additional agreements by authorized persons of the Parties.

5.4. It is allowed for the rent under this agreement to be paid for the Tenant by a third party (legal entity or individual) in full or part of the rent amount.

6. OWNERSHIP

6.1. After the Lessor receives from the Lessee the entire amount of money specified in clause 1.4 of this agreement, the Car becomes the property (possession, use and disposal) of the Lessee.

7. TERM OF THE AGREEMENT

7.1. This agreement was concluded by the Parties for a period of years and comes into force on the date of its signing by the Parties.

8. CONSIDERATION OF DISPUTES

8.2. In everything that is not provided for in this agreement, the Parties will be guided by the current legislation of the Russian Federation.

9. OTHER CONDITIONS

Vehicle rental agreement with option to purchase

Author of the document

rental of a vehicle with the right to purchase

__________________________ “____”____________20___
(place of conclusion of the contract)

Citizen of the Russian Federation _______________________, passport: ___________________________

hereinafter referred to as the Lessor, on the one hand, and a citizen of the Russian Federation ____________________ passport ___________________________________, hereinafter referred to as the Tenant, on the other hand, together referred to as the Parties, have entered into this agreement as follows:

1. The Subject of the Agreement

1.1. Under the terms of this agreement, the Lessor leases and the Lessee accepts for lease with subsequent purchase the following vehicle (hereinafter referred to as the “Car”):

year of issue ____________________________________;

license plate __________________________________;

1.4. As agreed between the Parties, the cost of the Car, taking into account depreciation rates, technical condition, presentation and demand in the automobile market, is __________ rubles.

2. Rent and settlements between the Parties

2.1. The rent is paid by the Tenant in the following order:

from the date of signing this agreement until “_____”__________20___. in the amount of __________ rubles;
thereafter, every 6 (six) months in equal amounts in the amount of __________ rubles no later than the 10th day of the month preceding the month to be paid.

2.2. The rent is transferred by the Tenant to the Lessor's personal bank account or paid to the Lessor in cash.

2.3. For late payments for a period of more than one month, the Tenant shall pay the Lessor a fine - a penalty in the amount of __% for each day of delay from the amount of the next payment.

3. Rights and obligations of the Parties

3.1. The Lessor undertakes:

a) transfer to the Lessee, according to the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within 2 working days from the date of signing this agreement.

3.2. The tenant undertakes:

a) accept from the Lessor, under the acceptance certificate, the Car, spare parts and necessary tools for it, the technical passport of the Car within 2 working days from the date of signing this agreement;

b) insure the Car for the entire duration of this agreement;

c) if you change your place of residence or financial condition, notify the Lessor about this within 5 (five) working days;

d) assume all risks associated with destruction or loss, theft, premature wear, deterioration and damage to the Car, regardless of whether the damage is correctable or irreparable;

e) bear the burden of maintaining the Car in case of damage, and carry out all work on its repair and restoration at his own expense;

f) replace the damaged Car with any similar car, if it is impossible to restore it to a condition that satisfies the Lessor’s requirements;

g) make timely payments to the Lessor for the payment of rent.

3.3. The Lessee has no right to dispose of the Car (change, pledge, alienate in any other way) without the consent of the Lessor.

Sublease of the Car is permitted upon agreement with the Lessor.

4. Special conditions

4.3. In the event of the death of the Lessor, he is recognized by the court as missing, incompetent or partially capable, his rights pass to his close relatives in the manner prescribed by law.

5. Additional terms

5.1. Unilateral refusal by the Parties to fulfill the terms of this agreement is not permitted.

5.2. Amendments or additions to this agreement are permitted by agreement between the parties.

5.3. All changes and additions to this agreement must be made by signing additional agreements by authorized persons of the Parties.

5.4. It is allowed for the rent under this agreement to be paid for the Tenant by a third party (legal entity or individual) in full or part of the rent amount.

6. Ownership

6.1. After the Lessor receives from the Lessee the entire amount of funds specified in clause 1.4 of this agreement, the Car becomes the property (possession, use and disposal) of the Lessee.

7. Duration of the contract

7.1. This agreement was concluded by the Parties for a period of 5 (five) years and comes into force from the date of its signing by the Parties.

7.2. This agreement may be terminated by the Lessor unilaterally if the Tenant systematically (more than twice) fails to fulfill its obligations under this agreement in terms of timely payments of rent.

If the Lessor terminates this agreement on the grounds specified in this paragraph, the Vehicle and its technical passport will be returned to the Lessor within 3 (three) business days from the date of termination of this agreement.