In the case of a rental purchase of clause (a) pr clause (b) of section (2) of section 18, there can be no recourse or request by the landlord against the tenant to recover the goods, unless the landlord has notified the tenant of a written notice indicating the offence or the act complained of, and provided that: if the tenant pays or informs the owner of the delay in the rental at the same time as this interest, as it must be paid under the terms of the contract before the expiry of the aforementioned period of one week or, where applicable, two weeks, the owner does not have the right to terminate the contract. 42h The tenant also has the right to terminate this contract at any time by dismissing the company no less than fourteen days in advance for this purpose, but in this case the tenant is obliged to pay the company the sums incurred for the rental costs, have not been paid and the amount of the rental fees to be paid for the period from the date of termination to the agreed amount. The term of this Agreement shall be deemed to be compensation for the damage suffered by the Company, subject to the provisions of S. 10(2) of the Hire Purchase Act. If the landlord does not pay to the lessee, within thirty days from the date of termination, the amount or part of that amount due to him under the provisions of this section for the payment of the said sums served on him by the lessee, the landlord is obliged to pay interest on that amount of twelve per cent. per year, from the date of expiry of this thirty-day period. CONSIDERING that the undertaking is the owner of certain machinery and equipment intended for the manufacture of . and which is described in particular in the list below. A rental purchase (HP), [1], also known as a installment payment or nie-Nie, is an agreement in which a customer accepts a contract to acquire an asset by paying a first instalment (for example.B. 40% of the total) and will repay the balance of the asset price plus interest over a period of time. Other similar practices are described as closed-end leasing or rent to own.

1.