Feedback

How to Use Form 35: Termination of Hire-Purchase/Lease/Hypothecation Agreement

Understanding how to terminate a hire-purchase, lease, or hypothecation agreement for your vehicle can be complex, especially if you are unfamiliar with the process. Form 35 is used to notify the authorities about the termination of such agreements. This guide will walk you through each step of using Form 35, ensuring that you complete the process correctly and efficiently.

Target Audience

This guide is designed for individuals who may not be familiar with the process of terminating a vehicle agreement and using Form 35. If you have never dealt with this type of paperwork before, or if you're unsure about the gravity of this form, this article will provide the clarity you need.

Understanding Form 35

Form 35 is used to officially notify the Registering Authority about the termination of a hire-purchase, lease, or hypothecation agreement related to a motor vehicle. The form must be submitted in duplicate and triplicate in some cases, depending on the original registering authority.

Step-by-Step Instructions

Step 1: Obtain Form 35

• Download Form 35 from here or acquire a physical copy from your local Registering Authority.

Step 2: Complete the Form

1. To: Address the form to your local Registering Authority.
2. Agreement Termination:
   • State that the hire-purchase, lease, or hypothecation agreement has been terminated.
   • Request the cancellation of the agreement note from the vehicle's registration certificate.
3. Contact Information: Provide your mobile number for any follow-up.
4. Enclosures: Attach the certificate of registration and the required fee.

Step 3: Sign and Date the Form

• Signature of Registered Owner: Sign or provide a thumb impression in the designated area.
• Signature of Financier: The financier must also sign and include their official seal and address on the form.

Step 4: Submit the Form

• Submission: Submit the completed form to your local Registering Authority. Ensure that it is sent in duplicate and triplicate if necessary.

Step 5: Receive Confirmation

• Office Endorsement: Once processed, the Registering Authority will record the cancellation and update the vehicle's registration records. You will receive confirmation of this update.

Step 6: Notify Parties