Lease to Purchase definition

Lease to Purchase means an agreement for the Contracting Authority to lease Goods from the Supplier on a fixed term basis in exchange for regular monthly payments. At the end of the leasing period, the Contracting Authority will gain ownership of the Leased Goods.
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Examples of Lease to Purchase in a sentence

  • For another example of a lease-to-own agreement, you can also check out the Commercial Equipment Lease to Purchase Agreement from US Security and Exchange Commission.There are a few common clauses you might consider including in your lease agreements.

  • Lease to Own Agreements, sometimes called Lease with Option to Purchase Agreements or Lease to Purchase, are attractive options for renters who do not have the ability to purchase a home with a typical mortgage.

  • Lessee shall have the option to end its Lease with a 30 day advanced notice or convert to Lease to Purchase and Car will be sold at Fair market value.

  • If the Customer opts to enter into a Lease Agreement with the Supplier for Leased Goods (including Lease to Purchase arrangements), the terms and condtions of the Lease Agreement shall be as set out in the Supplier Leasing Agreement.

  • Where the Customer has opted for a Lease to Purchase arrangement, upon receipt of the final payment in respect of the Leased Goods and under the Lease to Purchase arrangement, such title to the Leased Goods as the Supplier had on the commencement date of the Lease Agreement shall transfer to the Customer.

  • Fair Market Value (FMV) Leases, Lease to Purchase (LTOP) Leases and Rentals will be subject to the terms and conditions set forth in this Participating Addendum.

  • For another example of a lease-to-own agreement, you can also check out the Commercial Equipment Lease to Purchase Agreement from US Security and Exchange Commission.Common clauses in equipment lease agreementsThere are a few common clauses you might consider including in your lease agreements.

  • Model Lease to Purchase with Declining Equity, (Ijara –wa- Iqtinaa).

  • We had hoped to sell our home via a Lease to Purchase Option, as we have done in the past in other states, although it has been a few years.

  • If the participant fails to increase their monthly income within the 60 days, the Lease to Purchase Agreement will be terminated, and the participant may be required to: • Vacate the home • Move into a Rental Program Unit (if available) BIHA may terminate the agreement in its entirety with 30 day written notice to the tenant in accordance with BIHA’s Eviction & Ejectment Policy.