Auto Lease Purchase Agreement


An auto lease purchase agreement is a legal document which is framed between the owner of an automobile and a person who wishes to lease the automobile for certain duration of time and by paying a lease amount. This agreement is based upon some terms and conditions which are formal and legally binding in nature.

Sample Auto Lease Purchase Agreement:

This agreement has been made effective as on 5th June 2011

Duration of agreement: 6 months

This agreement has been made between the parties whose details are given as follows:

LESSEE

Name: Mr. Tom Riddle

Address: KW-78, first floor, Peter tower, London

Contact number: 47093709705

LESSOR

Name: Mr. Roger White

LESSOR owns the automobile and wishes to lease it to the LESSEE for 6 months.

Address: 45-g, second floor, Tim estate, London

Contact number: 4739583943290

Details of the automobile:

Name: Honda Passion

Condition: 2 years old in a perfect working condition and scratch free.

Monthly rent: $ 2000

Total rent: $12000

The following are the terms and conditions of the agreement:

  • The LESSEE must keep the car in good conditions and would have to handle all servicing and repair charges himself during period of agreement.
  • The LESSOR can always inspect the car whenever he wishes during term of agreement.
  • The LESSEE must use and drive the automobile only within the country.
  • The LESEE must make monthly payments on the 1st of each month.
  • The LESSEE must hand over the auto on the termination date.

Both the parties hereby agree to the terms and conditions of the agreement:

Tom Riddle

Roger White

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Lease Templates

Category: Purchase Agreements

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