How To End An Lld?

This is yet another cause you decide not to continue with a Long Term Rental. You can terminate the contract either in progress or at the end of the lease.

To terminate the Long Term Rental Agreement early, you can agree with your rental company. You will pay him compensation based on the number of months left to run. Added to this is the allowance for excess kilometers, as well as any repair costs.

You can decide on your own to put an end to the Long Term Rental. You must notify your renter, by registered letter with acknowledgment of receipt, at least 60 days before the date of return of the vehicle, then you must pay the compensation mentioned above.

Attention to the general condition of the vehicle and the kilometers traveled

If you wish, you can sell the vehicle to finance the financing jointly. If the amount of the sale covers the early repayment indemnity, the buyer will issue a bank check of the amount of compensation to your rental company and the excess will be paid with another check. Otherwise, you will have to make a bank check complementary to the payment made by the buyer to your renter.

The long-term rental agreement may be terminated at the initiative of the lessor, if you do not comply with the terms, eight days after the sending of formal notice.

If you wish to terminate the contract to an end, the renter must notify you two or three months before the end date by specifying the time and place of return. The general condition of the vehicle will be reviewed and the renter may charge you a refurbishment fee as well as any excess kilometric charges.

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