Lease Purchase Contract Template

By | December 10, 2014

A lease purchase contract is a document which is framed between a lessor and a lessee in order to formalize the procedure of lease purchase. A lease purchase contract template is a document which provides an outline and format to frame a lease purchase contract. Such a document is left with blank spaces which can be filled in by the user in order to get a personalized and customized lease purchase contract.

The template is very popular because it is a time saving way to make a contract. For your reference, a sample of a lease purchase contract template is given below and can be used for reference by anyone who is looking for such a contract:

Sample Lease Purchase Contract Template:

This is a lease purchase contract which is formed between a LESSOR and a LESSSEE, wherein the LESSOR agrees to sell the leased property to the LESSEE for a certain fixed amount of money.

Commencement date of the contract: ___________________ [here, the effective or starting date of the contract must be written]

Termination date of the contract: ______________________ [here, the ending or termination date of the contract must be written]

Effective term of the contract: _______________________ [here, the total length of the contract must be written]

THE DETAILS OF THE PARTIES INVOLVED:

LESSOR DETAILS:

Name of the lessor:_____________________ [name of the LESSOR must be written down]

Address of the lessor: ____________________ [address of the LESSOR must be written down]

Mobile number of the lessor: ____________________ [mobile number of the LESSOR must be written down]

LESSEE DETAILS:

Name of the lessee: _____________________ [name of the LESSEE must be written down]

Address of the lessee: ____________________ [address of the LESSEE must be written down]

Mobile number of the lessee: ____________________ [mobile number of the LESSEE must be written down]

Details of the Lease purchase:

Address of the property: ___________________[mention the address of the property which is being purchased by the lessee]

Total lease purchase amount: _____________[mention the total amount which the LESSEE will pay to LESSOR to purchase the leased property]

Terms and Conditions:

  • ____________________________________________[give the terms under which the purchase is being made]
  • ____________________________________________[give the payment terms in this space]
  • _______________________________________________[give the rights of the LESSOR and LESSEE after purchase is made]
  • _____________________________________________[give all the other terms and conditions of the contract]

Signatures of the parties:

______________________________ [the LESSOR must sign here]

______________________________ [the LESSEE must sign here]