Consumer Leasing Act
A federal law that requires written lease agreements for personal property for more than four months (for personal, family, or household use) to include certain terms, including a statement of the number of lease payments and their dollar amounts, penalties for not paying on time, and whether a lump sum payment is due at the end of the agreement.
Category: Business, LLCs & Corporations
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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