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Agreement for Hire Purhase of Furniture

Document Type
DOCX
Pages
4
Price: KES 200
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Document Overview

A Hire Purchase Agreement for Furniture is a legally binding contract that allows a buyer (hirer) to take possession and use of furniture immediately while paying for it in instalments over time. Ownership remains with the seller until the final payment is made.

1. To legally define the relationship between the seller (owner) and the buyer (hirer).
2. To protect both parties’ rights, ensuring the owner retains ownership until payment is complete.
3. To set out payment schedules, interest, repossession rights, and default procedures clearly.
4. To provide transparency and fairness in line with Kenya’s Hire Purchase Act (Cap. 507).
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