PERSONAL PROPERTY SECURITIES ACT

PERSONAL PROPERTY SECURITIES ACT

  1. You acknowledge that:
    1. By renting the Vehicle from us, you may be granting a security interest in the Vehicle (and any proceeds) to us.
    2. Any security interest arising under this Agreement attaches to the Vehicle when you obtain possession of the Vehicle and not at any other time.
    3. We may perfect our security interest by lodging a financing statement on the register.
  2. We do not need to give you any notice under the PPSA (including a notice of financing statement) unless the notice is required by the PPSA and that requirement cannot be excluded.
  3. You must do anything reasonably required by us to enable us to register our security interest, with the priority it requires, and to maintain the registration.