In the event that the “lessee” wishes the extension of the lease of the Vehicle, he/she is obliged to notify the “lessor” in writing at least 48 hours prior to the end of the lease, in order to receive the respective written approval of the “lessor”.
If he/she omits the above, he/she is has civil and criminal liability for the illegal use and possession of the vehicle and he/she is liable to pay a penalty which is equal to three times the daily lease charge.
In the event that the term of the lease is extended, the “lessee” is bound by the terms and the agreements in the initial agreement, as well as those in the agreement for the extension of the term of the lease, either if it is for the same vehicle or for the vehicle replacing the initial one.
