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The Vehicle Lease Purchase Agreement is a specialized financing arrangement used in Austria when parties wish to combine the benefits of leasing with the opportunity to acquire ownership. This document type is particularly relevant when businesses or individuals seek flexibility in vehicle financing while maintaining the option to purchase. It must comply with Austrian legislation, including the ABGB, KSchG, and VKrG, especially regarding consumer protection and financial services regulations. The agreement comprehensively covers vehicle specifications, payment structures, maintenance requirements, insurance obligations, and the terms for exercising the purchase option. It's commonly used in both commercial and consumer contexts, requiring careful attention to different regulatory requirements depending on the lessee's status. The document's structure reflects Austrian market practices while incorporating EU-compliant consumer protection provisions where applicable.

1. Parties: Identification of the lessor and lessee, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the transaction structure

3. Definitions: Key terms used throughout the agreement, including financial terms, technical vehicle terms, and legal concepts

4. Vehicle Description: Detailed specification of the leased vehicle, including make, model, year, VIN, and equipment

5. Lease Term and Delivery: Duration of the lease, delivery details, and conditions for acceptance of the vehicle

6. Payment Terms: Lease payments, deposit, payment schedule, interest rates, and total cost of credit as required by Austrian consumer credit law

7. Purchase Option: Terms and conditions for exercising the purchase option, including purchase price calculation and process

8. Insurance Requirements: Mandatory insurance coverage requirements and responsibility for insurance costs

9. Maintenance and Repairs: Obligations for vehicle maintenance, repair responsibilities, and condition requirements

10. Usage Restrictions: Limitations on vehicle use, mileage restrictions, and permitted drivers

11. Risk and Liability: Allocation of risk and responsibility for damage, loss, or third-party claims

12. Termination: Grounds for early termination, process, and financial consequences

13. Return of Vehicle: Conditions and process for vehicle return if purchase option is not exercised

14. Governing Law: Confirmation of Austrian law application and jurisdiction

15. Signatures: Execution blocks for all parties