Car Lease Letter
[YOUR NAME]
[YOUR ADDRESS]
[YOUR EMAIL]
MARCH 1, 2050
[RECIPIENT'S NAME]
[RECIPIENT'S STREET ADDRESS]
[RECIPIENT'S CITY, STATE, ZIP]
Dear [RECIPIENT'S NAME],
I am writing to you about the lease of the vehicle, make, and model. I, [YOUR NAME], intend to lease this vehicle to you for a specified period. The lease period begins on [DATE] and will end on [DATE] unless either party decides to extend or terminate under specific conditions outlined within this agreement.
The leased vehicle must be used for personal purposes only. Commercial use is strictly banned unless specifically allowed as per the agreement. Any damage inflicted on the vehicle during the lease period, excluding normal wear and tear, will be charged at the end of the lease period.
Monthly payments must be made on the first day of each calendar month, the amount of which will be agreed upon before finalizing the lease. A delay in payment for more than ten days will incur an additional late fee which will be outlined in the lease agreement. Insurance, maintenance, and all other vehicle-related expenses, other than those explicitly outlined in the lease agreement, will be your responsibility.
You are encouraged to review the lease agreement thoroughly before signing, ensuring awareness and understanding of all terms and conditions. Once the lease terms are agreed upon, a copy of the lease agreement will be provided to you for your records. Looking forward to a successful association with you.
Sincerely,
[YOUR NAME]
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