Consumer credit rules for businesses that hire out or lease goods
An introduction to how consumer credit rules affect businesses that hire or lease goods including providing a written hire agreement stating the consumer鈥檚 rights.
If you hire out or lease goods to consumers for more than three months you're likely to need consumer credit licensing. See does my business need a consumer credit licence?
You must also provide your customer with a written hire agreement informing them of their rights and duties under the Consumer Credit Act 1974.
Consumers generally have the right to cancel a hire agreement and return the goods after 18 months.
You must also comply with other rules under the Consumer Credit Act 1974, including the regulations on credit advertising.
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