If you enter into a lease agreement because a merchant has cheated on you or because a merchant has used an aggressive business practice, consumer protection against unfair trade regulations also gives you the right to compensation in 2008: the right to terminate the contract, the right to a discount and the right to compensation. For more information, see “Deceptive and Aggressive Practices: Legal Action.” Companies that need expensive machinery – such as construction, manufacturing, factory leasing, printing, road transport, transportation and engineering – can use leases, as can startups that have few guarantees to establish lines of credit. A property lease is also known as a consumer lease and is governed by the Consumer Credit Act 1974. A lease is an example of a “mixed contract” under the Consumer Rights Act 2015; You have rights against a reseller if the products you are hired do not meet your expectations, perhaps because they are defective or uncertain, and if a rental service provided by a reseller is below the standard. These are commonly referred to as your “legal rights.” You also have recourse against a trader if your rights are not respected. The 2008 Consumer Protection Against Unfair Trade Regulations prohibit unfair business practices against consumers. If a trader misleads you or if you have an aggressive business practice and you decide to rent goods that you would not have done otherwise, the trader may break the rules. For example, a merchant may claim that your rental car is “top of the range,” which justifies an increase in rental fees, when in fact it is a basic model. If you have been deceived or a merchant has acted aggressively, report your complaint to Citizens Advice Consumers to return the trade standards.
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