{"product_id":"finance-agreement-financial-lease","title":"Finance Agreement Template - Financial Lease - South Africa","description":"\u003ch2 style=\"text-align: center;\"\u003e\u003cstrong\u003eFinance Agreement Template - Financial Lease - South Africa\u003c\/strong\u003e\u003c\/h2\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003eWith a Pre-Agreement Proposal\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp style=\"text-align: center;\"\u003e\u003cstrong\u003e(in terms of the NCA) \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eSummary \u003c\/strong\u003eA Financial Lease Agreement is intended to be used by a lender that finances goods (such as vehicles, equipment, office furniture etc) for people on a financial rental basis. 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.\u003c\/p\u003e\n\u003cp\u003eThe NCA-required Pre-Agreement Quotation is included with this document.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhy would I need a Financial Lease Agreement? \u003c\/strong\u003eA Finance Agreement may be used when a person 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, giving finance for computers, furniture, audio goods, vehicles etc. This Finance Agreement provides for the payment of a rental for a specific term with regular payment obligations.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat does the template agreement say? \u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe Pre-Agreement Proposal addresses: Description of goods; Finance details; Finance term; Rental; Residual value.\u003c\/p\u003e\n\u003cp\u003eThe Financial Lease Agreement addresses: Definitions; Suspensive Conditions; Lease of Goods; Delivery and Risk; Insurance; Security; Use; Fees and Charges; Interest; Rentals; Early termination; Customer warranties and undertakings; Default; Consents; Delivery address; General.\u003c\/p\u003e\n\u003cp\u003eThe Pre-Proposal Quotation and Finance Agreement have been drafted in accordance with our interpretation of the National Credit Act.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eHow long is the Financial Lease Agreement? \u003c\/strong\u003eThe template Pre-Agreement Proposal can be printed onto three pages, and the template Financial Lease Agreement can be printed onto ten pages.\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eWhat do you need to do to use the Financial Lease Agreement?\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eRead the template documents to ensure that they suit your requirements. Make changes as required.\u003c\/li\u003e\n\u003cli\u003eComplete the relevant details in the Pre-Agreement Proposal and the Finance Agreement as they pertain to the borrower.\u003c\/li\u003e\n\u003cli\u003eEnsure that the documents are signed by both the financier and the borrower.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eBefore signing this agreement, the financier is advised to conduct a comprehensive financial and credit check on the borrower, and get the borrower to complete a separate application form for a credit facility.\u003c\/p\u003e\n\u003cp\u003eAlso viewed: \u003ca href=\"https:\/\/agreementsonline.co.za\/agreements\/finance-agreement-instalment-sale\/\"\u003eInstalment Sale Agreement\u003c\/a\u003e\u003c\/p\u003e\n\u003cp\u003eThis Agreement is intended to be used in transactions where the National Credit Act applies. While it has been drafted in accordance with our interpretation of the legislation, we recommend that you obtain independent advice before using a Financial Lease Agreement. Agreements Online will not be liable for any damages you may suffer due to non-compliance with any regulatory requirements.\u003c\/p\u003e\n\u003cp\u003eSynonymous with: Finance Agreement; Lease Agreement; Financial Rental Agreement; Rent-to-Own Agreement; Loan Agreement\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eThe 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.\u003c\/strong\u003e\u003c\/p\u003e\n","brand":"Agreements Online","offers":[{"title":"Default Title","offer_id":61657306595468,"sku":"AO-3340","price":1534.57,"currency_code":"ZAR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0793\/0750\/5804\/files\/Finance-Agreement-_E2_80_93-Financial-Lease-Agreement.jpg?v=1790553411","url":"https:\/\/agreementsonline.co.za\/products\/finance-agreement-financial-lease","provider":"Agreements Online","version":"1.0","type":"link"}