New Zealand Hire Purchase Agreement for Equipment

Do you rent or lease equipment in New Zealand? Easily prepare Hire Purchase Agreements for your customers with this ready-made template.

• The customer has the option to purchase the equipment or machinery over a specified period of time.
• The customer is responsible for maintaining and insuring the equipment at its own expense.
• The hire company has the right to inspect the equipment from time to time, without notice.
• The customer grants the hire company a security interest over the equipment and over the customer's present and acquired personal property, to secure payment under the agreement.
• If the customer defaults in payment, the hire company has the right to repossess the equipment and/or to appoint a receiver to take possession of the equipment and the customer's personal property used as security.
• The contract includes a Statement of Customer Rights, in accordance with the Credit Contracts Act 1981.

This New Zealand Equipment Hire Purchase Agreement is provided in MS Word format, and is fully editable to meet your needs.