Each lease agreement includes the following:
- The name of the business and any other names under which the business operates.
- The business address and telephone number.
- The number of years the business has been in operation.
- A description of the equipment being leased
- Details of the lease terms including the monthly lease payment obligations, personal guarantor information, including name, address, home telephone number, and social security number.
- Signature blocks for the lessee and personal guarantor.
Lessees are encouraged to read all four pages of the non-cancelable lease before signing.
By signing the Lease Agreement, customers
- Ensure all sections of the lease are filled out accurately and legibly. This enables Northern Leasing to provide accurate and prompt lease funding.
- Assume responsibility for reading and understanding the Lease Agreement and its terms and conditions.
- Agree to be bound by the terms and conditions of the lease.
- Personally guarantee the lease.
- Agree that amounts due under the Lease Agreement will be debited from a business checking account via automated clearing house.
- Agree to either obtain business insurance for the leased equipment or purchase Northern Leasing’s Loss and Damage Waiver.
Once the equipment has been delivered and installed, customers may receive a verification call at the business telephone number to review the basic contract terms and equipment installation.
Lessees may also receive a quality assurance call from Northern Leasing.
Finally, all customers receive a Welcome Letter with a copy of the executed lease from Northern Leasing.