iv Parties .-Normally, there are two parties to the lease-purchase agreement, that is, the landlord and the tenant. However, it happens that a lessor of . B for motor vehicles is also consulted as a necessary party, who buys the vehicle from the owner and rents the same vehicle in installments to the tenant, and in this case, the tenant must also provide a guarantor to ensure the performance of the obligations that were imposed on the tenant under the agreement. The following instructions are given to deal with cases where the asset is acquired as part of the rental agreement:- viii Registration.-Registration of a lease-sale is not mandatory. d. Foreclosure clause.-It is also customary to include in the tenancy agreement a clause authorizing the landlord to seize the rented item if the tenant commits a violation of its terms, including non-payment of the monthly rent. II. When an agreement results in the ownership of the person concerned being immediately transferred to the taker (for example. B if the lessor has the right to sue for default, but no right to recover the asset), the transaction should be considered a buy-in-in transaction and no deduction should be made for the rent. Depreciation should be authorized by the lessor on the entire purchase price in accordance with the agreement.
An expert wishing to claim this deduction should be asked to provide a certificate from the seller or any other satisfactory evidence of the initial value (as noted above). In the absence of satisfactory certification or proof, the initial value should be determined by calculating the present value of the amount payable under the agreement at a reasonable rate. In the dubious case, this should be reported to the board of directors. I. Provisional.- The fact that distributors are responsible for selling the products thus manufactured is the common characteristic of the manufacturing operations of industrial enterprises. for this reason, dealer agreements are all entered into by manufacturing companies with other parties in order to delineate the contours of the relationship between the parties. Remember that your car purchase contract is a binding contract. It is important that you check it carefully before signing. According to consumer reports, there are some things that should be looked forward to: 9.