Section 621: Contract of lease may be terminated

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1) The lessor may terminate the contract of lease in any of the following circumstances:

(a) Except as otherwise permitted by the lessor, if the lessee fails to pay the lease amount until ninety days after the due date for the payment of the lease rent has expired,

(b) If the lessee possesses or uses the leased goods contrary to Section 612,

(c) If the lessee fails to give information to the lessor or keep him or her informed about the matters referred to in sub-section (1) of Section 614,

(d) If the lessee fails to restore the leased goods to their original condition, having regard to the nature of the goods, pursuant to sub-section (2) of Section 615,

(e) If the goods leased are sub-leased without the prior consent of the lessor.

2) The lessee may terminate the contract of lease in any of the following circumstances:

(a) If the leased goods cannot be possessed or used for the purpose or object for which the goods have been leased,

(b) If the lessor fails to reimburse the repair and maintenance costs or make its adjustment to the lease rent pursuant to sub-section (3) of Section 613,

(c) If the lessor does not reduce or agree to reduce the lease rent amount pursuant to sub-section (3) of Section 614 or sub-section (4) of Section 615.

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Section 621: Contract of lease may be terminated

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