Consumer Lease. 4.1. Notwithstanding clause 3, if the Hirer is a natural person and the Rental Period is a period of one year or more, the Rental Contract may be a consumer lease under the Credit Contracts and Consumer Finance Act 2003. The Hirer acknowledges that:
Consumer Lease. Any (i) Lease with an initial term of thirty-six (36) months or more between a Borrower and a lessee intending to lease the Equipment under such Lease for such lessee’s personal use or (ii) Security Monitoring Contract with an initial term of thirty-six (36) months or more between a Borrower and an individual with respect to security monitoring services for such individual’s home or personal use.
Consumer Lease. Consumer lease" means a lease of goods to a consumer by a lessor for personal, family or household purposes, which is for a term exceeding 4 months and which is not made pursuant to a lender credit card. [PL 1985, c. 763, Pt. A, §68 (NEW).]
