The Top Considerations for Offering Purchase Options

By James Waite James Waite Uncategorized September 14, 2015

Question: We’ve seen a recent spike in requests for “purchase option” agreements — requests to apply some portion of the rental to the customer’s ultimate purchase of the equipment. I’ve heard there are some potential dangers associated with doing so. What are they and how can I avoid them?

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James Waite / About Author

James R. Waite is a business lawyer with over 20 years in the equipment industry. He authored the American Rental Association’s book on rental contracts, and represents equipment lessors throughout North America on a wide range of issues, including corporate law, contracts, real estate, employment, taxation, litigation, and buying, selling and financing their businesses and their equipment. He is a veteran of the United States Air Force, has a BBA in Finance from the University of Texas at San Antonio, a Juris Doctor from St. Mary’s University, and an MBA from Northwestern University. He can be reached at (866) 582-2586, or via email at info@jameswaitelaw.com