Recently I was asked by a reader where he could find good generic Lease Purchase contracts. I advised the reader that there are generic contracts from several sources. One such source is your local real estate agent or office. They have the multi-purpose fill in the many blank type forms. Something not specific or not referring to a specific thing.
Generic contracts are just that generic.
They are designed with the one size fits all concept. In reality, they are not designed to protect you or your interest in the particular Lease Purchase transaction with which you are currently involved. I have collected many of these so called generic Lease Purchase contracts for years. They all have one thing in common. I have designed and utilize six specific contracts for my own Lease Purchase deals.