Ethical-Legal Review of the Provisos in the Contracts of Leasing Companies

In legal contracts, if any conditions are included, it must be in accordance with good morals and legal principles. This is also reflected in the contracts of leasing companies. These companies, in the first place, with an ethical approach, help consumers to increase their purchasing power by providing capital goods and transferring them on a long-term and installment basis; Therefore, their contracts with customers must follow the principles of ethics and legal standards. The purpose of this study is to understand the ethical and legal principles in the contracts of leasing companies.

To organize this article, the library method using note-taking has been followed.

This article is based on ethical and professional principles such as the principle of truth-seeking and the principle of honesty.

Leasing as a contract is one of the financing strategies in the field of domestic and international trade. on the other hand, leasing companies, as a kind of business partner, include conditions in their contracts that need to be based on ethical and legal principles. Also, the main goal of these companies should be to supply consumer goods.

The leasing contract is a lease agreement with the condition of the result or deed for ownership. Assuming the condition of the result of ownership of the leasing agreement, the tenant becomes the owner automatically at the end of the contract term and payment of the last installment. So, assuming the condition of the act of ownership in the leasing contract, the right of ownership arises for the tenant and as a result the lessor is obliged to transfer. In any case, leasing companies are bound by the ethical and legal principles to protect the rights of consumers.