ADVOKS GLOBAL · KENYA
Hire-Purchase Act
13. Hirer may complete agreement
Edition: 2022-12-31 · In force
13. Hirer may complete agreement
(1)The hirer under a hire-purchase agreement may give notice in writing to the owner of his intention to complete the purchase of the goods by paying or tendering to the owner on a specified day the net balance due to the owner under the agreement, and having given such notice may complete the purchase accordingly on the day specified.(2)For the purposes of subsection (1) of this section, the net balance due is the balance originally payable under the agreement less any amounts (other than the deposit) paid or provided, whether by cash or by other consideration, by or on behalf of the hirer under the agreement.(3)The rights conferred on the hirer by this section may be exercised by him—(a)at any time during the continuance of the agreement; or(b)within twenty-eight days after the owner has taken possession of the goods, upon paying or tendering to the owner in addition to the net balance due—(i)the reasonable costs incurred by the owner in and incidental to taking possession of the goods; and(ii)any amount properly expended by the owner on the storage, repair or maintenance of the goods; and(iii)any additional interest which is due under the agreement.