Vehicle Lease Agreement With Option To Purchase Template for India

1. Security Deposit: Terms for security deposit if required, including amount, holding conditions, and return circumstances

2. Sublease Provisions: Include when sublease of the vehicle is permitted, specifying conditions and approval requirements

3. Cross-Border Use: Include when vehicle may be used across state or international borders, specifying conditions and additional requirements

4. Co-Signer Terms: Include when a co-signer is required for financial responsibility

5. Early Purchase Option: Include when early exercise of purchase option is allowed, specifying terms and price calculation

6. Commercial Use Terms: Include when vehicle is intended for commercial use, specifying additional requirements and restrictions

7. Modification Permissions: Include when vehicle modifications are permitted, specifying approved modifications and conditions

1. Schedule 1 - Vehicle Condition Report: Detailed inspection report of vehicle condition at lease commencement, including photographs and noted defects

2. Schedule 2 - Payment Schedule: Detailed breakdown of all lease payments, including due dates and amounts

3. Schedule 3 - Maintenance Schedule: Required maintenance intervals and procedures as per manufacturer specifications

4. Schedule 4 - Insurance Requirements: Detailed insurance requirements including minimum coverage levels and approved insurers

5. Schedule 5 - Purchase Price Calculation: Formula and terms for calculating the final purchase price if option is exercised

6. Appendix A - Authorized Drivers: List of authorized drivers and their license details if restricted

7. Appendix B - Approved Maintenance Providers: List of authorized service centers and maintenance providers