To
............................
............................
............................
Dear Sir,
Under the hire-purchase agreement dated.............. I , .............. as owner had given the goods
described in the Schedule to the said agreement on hire to you, on the terms and conditions laid
down in the said agreement
2. In terms of clause..............of the said agreement, you as hirer were required to pay to me at
my address for the time being and without previous demand the sum of Rs..............every
calendar month by way of rent for the hire of the said goods, the first payment to be made on
the..............day of..............20.............. and each subsequent payment on the 10th day of
every succeeding month. Further in terms of clause ......of the said agreement, if you the hirer
shall make default in payment of any monthly sum payable for 10 days after the same have
become due, 1, the owner has a right to terminate the hiring and retake possession of the said
goods without prejudice to my claim for arrears of hire or damages (if any) for breach of the said
agreement.
3. You have failed to pay the hire-rents for the months of .............. which are payable to me. I,
therefore, hereby give you notice determining the said hire-purchase agreement forthwith and
your possession of the goods comprised in the said agreement has ceased to be in possession
with my consent. I hereby call upon you to return the said goods at your expense at my address
and pay up the arrears of hire-rent amounting to Rs . ..............together with a sum of Rs
.............. as agreed compensation for loss of profit under clause..............of the said
agreement.
4. Please note that if you fail to return the hired goods within....................days from the issue of
this notice, in terms of clause...................of the agreement, I or my servants or agents will enter
upon the premises where the said goods are kept and seize and take possession thereof and in
that case all costs and expenses of and incident to such retaking of possession of the said goods
which may be incurred by me shall be payable by you. In case of failure by you to pay the hire-
rent and agreed compensation within..............days hereof, appropriate legal proceedings will be
initiated against you, without further reference to you.
Yours faithfully,
Date: ..............
............................
Owner

Using this format

This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

Our Labour & Employment team drafts and files these documents before the Calcutta High Court, city civil courts, magistrate, family and consumer courts in Kolkata. Our employment team drafts agreements and handles labour disputes.

Disclaimer: this page is a sample format reproduced for reference and study. It is not legal advice and does not create an advocate–client relationship.

Notice of Termination of Hire-purchase Agreement: Format

Using this format

Related