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Hire Purchase Agreement for a Washing Machine

Document Type
DOCX
Pages
4
Price: KES 200
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Document Overview

A Hire Purchase Agreement for a Washing Machine is a legal contract between a seller (owner) and a buyer (hirer) under which the hirer takes immediate possession of a washing machine and pays for it in regular instalments over an agreed period.

Ownership of the washing machine remains with the seller until the hirer pays all instalments in full. Once the final payment is made, ownership is transferred to the hirer.

This arrangement allows individuals or families to enjoy the use of a washing machine without having to pay the full price upfront.
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