Common Contracts
1 similar Finance, Investment & Banking contracts
ContractFinance, Investment & Banking • October 6th, 2022
General terms and conditions Preamble:Whereas the Customer asked the lessor to own the vehicle indicated in this contract with a promise to lease it from him as a finance lease according to the Financial Lease Law issued by Royal Decree (M / 48) dated on 13/08/1433 AH and its executive regulations.Whereas, the lessor owns the vehicle indicated in this contract and holds it legally.Accordingly, whereas the lessor wanted to lease the vehicle set forth in this contract as a finance lease and the Customer wanted to rent it for personal use or any other legitimate purposes, the lessor accepted to lease the vehicle that is described in this contract as a finance lease to the Customer for the price indicated in this contract and according to its terms and provisions, provided that the provisions of the Financial Lease Law issued by Royal Decree No (M / 48) dated on 13/08/1433 AH and its executive regulations, the provisions of the Finance Companies' Control Law issued by Royal Decree No (M /
