Industry challenges
Different checklist per lessor
CIT requires specific documentation, De Lage Landen requires a different set, each PPSA jurisdiction has its own rules...
Signing authority
Is the signatory the legal representative? Is the corporate resolution dated before the lease?
Amount matching
The lease payment must match the financing agreement to the dollar.
Establishment verification
Does the installation address correspond to an active business establishment?
Documents processed
- —Lease agreement (CIT, De Lage Landen, ENIUM, BMO Leasing)
- —Financing agreement
- —Supplier quote
- —Articles of incorporation / corporate profile report
- —Signatory ID (driver's licence, passport)
- —Corporate resolution / signing authority
- —Banking information (void cheque or direct deposit form)
- —Payout statement (if renewal)
Automatic validations
- ✓Lease payment = financing agreement amount (within $1 tolerance)
- ✓Identical periodicity (monthly/quarterly)
- ✓Signatory = director/officer OR valid corporate resolution
- ✓Installation address = active business (via Corporations Canada or provincial registry)
- ✓Valid ID document
- ✓Banking information in same name as lessee
- ✓Bought-out contract number mentioned if payout present
Rules by partner
ID required
CITIf sole proprietor
De Lage LandenAlways
ENIUMAlways
BMO LeasingAlways
Electronic signature cert.
CITRequired
De Lage Landen-
ENIUM-
BMO Leasing-
Cooling-off waiver
CIT-
De Lage Landen-
ENIUMIf ≤5 employees
BMO Leasing-
Corporate registration < 3 months
CITIf sole proprietor
De Lage LandenIf sole proprietor
ENIUMIf sole proprietor
BMO LeasingRequired
| Document | CIT | De Lage Landen | ENIUM | BMO Leasing |
|---|---|---|---|---|
| ID required | If sole proprietor | Always | Always | Always |
| Electronic signature cert. | Required | - | - | - |
| Cooling-off waiver | - | - | If ≤5 employees | - |
| Corporate registration < 3 months | If sole proprietor | If sole proprietor | If sole proprietor | Required |
Measured results
93%
time saved
100%
coverage
0
avoidable errors