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Disadvantages of leasing out a commercial car to a company for 5 years


31-Mar-2023 (In Documentation Law)

i have a 2 months old commercial car. i am going to lease my car to company for a period of five year.All risk bearing factor and expenses will be bear by them. is there any the legal disadvantages? please advice.

Answers (1)

Answer #1
384 votes

Your lease will be governed by the lease agreement with the private company. You need to be careful while drafting such agreement because in case of a dispute the terms and condition of the lease agreement will prevail.

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