Join 13,500+ SA Businesses & Law Firms Who Bought Our Templates
Financial Lease Agreement non-NCA
Financial Lease Agreement non-NCA
Original price was: R 1 877,89.R 1 314,52Current price is: R 1 314,52.
Financial lease agreement for businesses, exempt from National Credit Act regulations.
- Greater flexibility in agreement terms.
- More freedom in determining payment schedules and amounts.
- Easier access to financing for larger amounts.
FINANCIAL LEASE AGREEMENT
Non-NCA
Summary A lender that finances goods (such as vehicles, equipment, office furniture etc) for people on a financial rental basis may consider using this Financial Lease Agreement (non-NCA). Provision is made for ownership in the goods to pass to the lessee at the end of the rental period, if this is what the lender and borrower agree.
Note: This Agreement is intended to be used in cases where the National Credit Act does not apply.
Why would I need a Financial Lease Agreement? A Financial Lease Agreement may be used when a lender finances goods for someone else, on the basis that ownership in the goods may pass to the lessee at the end of the period. For example, computers, furniture, audio goods, vehicles etc. This contract provides for the payment of a rental over a specific term with regular payment obligations.
What does the Agreement say? This Financial Lease covers: Duration; Rental, Fees and Rates; Early Settlement; Goods, Delivery and Ownership; Repairs and Maintenance; Damages and Insurance; Encumbrances; Breach and General.
How long is the contract? This template can be printed onto six pages.
What do you need to do to use this Financial Lease Agreement (non-NCA)?
- Read the template agreement to ensure that it suits your requirements. Make changes as required.
- Complete the relevant details in the Financial Lease contract.
- Ensure that the documents are signed by both the financier and the borrower.
Before signing this agreement, the financier is advised to conduct a comprehensive credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.
This Agreement is intended for use in cases where the National Credit Act does not apply. We recommend that you obtain specialist advice before using a Financial Lease Agreement.
Also known as: Finance Agreement; Lease Agreement; Financial Rental Agreement; Rent-to-Own Agreement
Also viewed: Financial Lease Agreement
The Online Agreements Shop cc and its members, staff, legal advisers, partners and consultants, agents and any person associated therewith cannot be held liable for any loss or damage that is incurred or may be incurred by any person as a direct or indirect result of the use of this website or any document or information contained on or obtained from this website, nor as a result of anything that is contained in or left out of any document.
Once your order is complete, you will be granted download permission for the document. You will:
- See download links on the order received page after you have checked out.
- Receive an email notification which will include download links.
- Have access to your downloads via the Downloads tab on your ‘My Account’ page when logged in to your account on this website.
You’ll receive the document in Microsoft Word. A small number of our documents are only available in PDF, in which case this is stated in the document summary.
The two most common reasons for people not receiving the link are : (i) The e-mail address entered into the order form was incorrect; or (ii) the e-mail was directed into your spam folder. First please check your spam folder. If it is not there, contact us.
Each document is accompanied by a description. Read the description to see if it will meet your requirements. If you are still uncertain, you can Contact Us with a brief overview of what you need the document for and we will respond as soon as possible.
Our documents are provided in MS Word format, allowing you to adjust and alter the agreement as you require. If you do not have legal experience we do caution you to be circumspect about the extent of the changes that you make.
Trusted By 10,000+ Businesses
Legal Templates For All Industries
Legal Templates For All Industries
Backed By Legal Research