Motor Vehicle Lease Agreement - Free Download | Page 4
4.3, 3001 votes
Please vote for this template if it helps you.
Motor Vehicle Lease Agreement Page 4
Motor Vehicle Lease Agreement
22. MORE THAN ONE LESSEE. If more than one person signs this Lease as Lessee, all signers will be jointly and severally liable. You agree that we can waive or delay
the enforcement of our rights as to one signer without affecting our rights as to any other signer. You also agree that we can release any signer from his or her obligations
without releasing any other signer from their obligations.
23. ASSIGNMENT. We can assign our interest in this Lease and to the Vehicle without your consent. If we do so and notify you, you agree to make all payments
thereafter to the assignee and, unless otherwise provided by law, agree not to make any claims you have against the assigning lessor against the assignee. YOU
UNDERSTAND THAT YOU HAVE NO RIGHT TO ASSIGN ANY OF YOUR RIGHTS UNDER THIS LEASE AND THAT YOU HAVE NO RIGHT TO SUBLEASE, ASSIGN
OR TRANSFER THE VEHICLE.
24. GENERAL. You and we further agree that: (a) this Lease sets forth all your and our agreements as to the leasing of the Vehicle; (b) this Lease will be governed by the
laws of the state where it is signed by you and us; (c) our waiver of any default or our failure to insist upon the keeping of any of your obligations will not be a waiver of any
of the terms of this Lease or bar our actions on future defaults; (d) we have no obligation to provide a replacement vehicle for any reason; (e) notices must be in writing
addressed to the appropriate party at the address at the beginning of the Lease or other address of which the party has given notice, and each party should give the other
prompt notice of any change of address; (f) the option of arbitration discussed in paragraph 19 will be available in any other dispute respecting the Lease; (g) you give us a
security interest in any returned premiums related to a service contract or other item paid for as part of the monthly payments; and (h) we are not responsible for any delay
in Vehicle delivery or any other circumstances beyond our control or for any property in the Vehicle when it is returned or repossessed.
SIGNATURES. NOTICE TO LESSEE
: (1) Do not sign this Lease before you have read all pages and do not sign this Lease if it has any blank space. (2) You have a right
to receive a completed copy of this Lease. (3) By your signature below, you acknowledge that we will assign all of our rights as the Lessor under this Lease to CUSI. CUSI
in turn will grant a security interest in the Lease as collateral to Credit Union of Texas.
By signing below, you acknowledge that: (1) you have read the entire Lease before signing it; (2) you have received a legible, fully completed copy of this Lease; (3) you
have received a fully completed copy of any credit statement or other document you have been asked to sign in connection with this Lease; and (4) you have accepted
delivery of the Vehicle and it is in good operating order and condition. By signing below, both you and we agree to the terms, conditions and obligations of the Lease and we
hereby assign this Lease to CUSI under and in accordance with the terms and conditions of the motor vehicle lease assignment agreement between us and CUSI.
Lessee Signature(s)
Lessor Signature
Lessee Signature: X Date: Lessor Signature: X
Co-Lessee Signature: X Date:
Date:
THIS IS A LEASE AGREEMENT. THIS IS NOT A PURCHASE AGREEMENT. PLEASE REVIEW THESE MATTERS CAREFULLY AND SEEK INDEPENDENT
PROFESSIONAL ADVICE IF YOU HAVE ANY QUESTIONS CONCERNING THIS TRANSACTION. YOU ARE ENTITLED TO AN EXACT COPY OF THE
AGREEMENT YOU SIGN.
ESTE ES UN CONVENIO DE ARRENDAMIENTO. NO ES CONVENIO DE COMPRA. FAVOR DE REVISAR ESTOS ASUNTOS CON CUIDADO Y SI USTED TIENE
CUALQUIER DUDA DEBE BUSCAR CONSEJO PROFESIONAL INDEPENDIENTE.
USTED TIENE EL DERECHO A UNA COPIA EXACTA DEL CONVENIO QUE
USTED FIRMO.
You understand you should make all payments due under this Lease to:
CREDIT UNION OF TEXAS, PO BOX 515759, DALLAS TX 75251, ATTN:
VEHICLE LEASE SERVICING DEPARTMENT. Any inquiries concerning your account should be addressed to Credit Union of Texas at the
address above or at (972) 664-1088. Any inquiries regarding Vehicle maintenance, warranties, etc., should be referred to the original
dealer/Lessor
Motor Vehicle Lease Agreement Previous Page
source: fairlease.org
Motor Vehicle Lease Agreement
Previous

4/4

Next