Duties Of The Owner Of Goods In A Hire Purchase Agreement

(e) `lessee` means a person who, under a lease purchase agreement, acquires or has obtained from an owner ownership of property and includes a person to whom the rights or liabilities of the lessee have been transferred from the contract by assignment or by law. 22. The tenant also has the right to terminate this contract at any time by sending it to the company not less than fourteen days in advance, but in this case, the tenant is obliged to pay the company the sums incurred for the unpaid rental costs and the amount of the rental costs which, for the period from the date of termination to the defined period of this contract, would be considered as and as compensation. for damages suffered by the Company, subject to the provisions of P. 10 (2) of the De Hire Purchase Act. 6.