Hire agreement regulated by the Consumer Credit Act 1974

between:
The Company - Name:
Address:

The Hirer - Name:

Address:

On this day, ...[the Hirer]... agrees to hire the following Bicycle and Safety Equipment, from
...[the Company]... for a period of ..... months.

Type Brand Model Notes

...[the Hirer]... agrees to pay ...[the Owner]... £[....] every month for the duration of the hire,
through a salary sacrifice, starting at the next pay-cheque date, which falls on ...., until ......
for a total of ...[number]... of payments.

During the period of hire, the Hirer is expected to maintain the hired equipment in running
order at his/her own expense (except for warranty issues).

In case of loss or theft of all or part of the equipment, the Hirer will be liable to continue
payments according to the above schedule.

The Hirer can request (in writing, with at least 14 days notice) to shorten the agreed payment
schedule, by increasing payment amounts, as long as the resulting salary does not breach
Minimum Wage requirements. There will be no change to the total amount to be paid.

Signed, for the Company

This is a Hire Agreement regulated by the Consumer Credit Act 1974.

Sign it only if you want to be legally bound by its terms.

Signature of Hirer Date of signature

Under this agreement the goods do not become your property and you must not sell them.
IMPORTANT – YOU SHOULD READ THIS CAREFULLY
YOUR RIGHTS

The Consumer Credit Act 1974 covers this agreement and lays down certain requirements for your protection which
must be satisfied when the agreement is made. If they are not, the owner cannot enforce the agreement against you
without a court order.

If you would like to know more about the protection and remedies provided under the Act, you should contact either
your local Trading Standards Department or your nearest Citizens’ Advice Bureau.