105GInformation to be contained in statement of amount payable on termination of consumer lease

105G Information to be contained in statement of amount payable on termination of consumer lease

For paragraph 179A(2)(d) of the Code, the matters that must be contained in a statement of amount payable on the termination of a consumer lease are the following: (a) the total amount to be paid, on the date of the statement, to terminate the lease; (b) the amounts the lessee is liable to pay to terminate the lease, expressed as an amount for each month from the date of the statement; (c) a statement as to whether the lessor is prepared to negotiate the sale of the goods; (d) if the lessor is prepared to negotiate the sale of the goods: (i) an estimate of the sale price of the goods; and (ii) contact details for the person through whom the sale of the goods may be negotiated.