Legal

Lease agreement

The terms under which your iPhone is leased to you over 24 months.

Last updated: 4 November 2026

1. Agreement parties

This lease agreement is between PhoneFlex (the lessor) and the applicant (the lessee) identified in the approved credit application.

2. Leased device

The lessor leases to the lessee the iPhone selected in the application. The device remains the property of the lessor for the duration of the lease term.

3. Lease term

The lease term is 24 months, commencing on the activation date. Ownership of the device transfers to the lessee upon completion of all payments under the agreement.

4. Rental payments

The lessee agrees to pay the monthly rental amount shown in the application on or before the due date each month for the full term.

5. Deposit and delivery

No deposit is payable. Courier delivery is free of charge, whether the device is delivered nationwide or collected in-store. The only amount payable under this agreement is the monthly rental.

6. Device locking

The device is fitted with software allowing the lessor to lock the device remotely if a payment is missed. The device unlocks automatically once the outstanding payment is received.

7. Care of device

The lessee agrees to take reasonable care of the device and not to sell, transfer, or modify it during the lease term without the lessor's written consent.

8. Default

Failure to pay on time constitutes default. The lessor may suspend the device and, if default continues, require return of the device and terminate the agreement.

9. Completion

On completion of all payments, the lessor issues an unlock code and ownership of the device passes to the lessee.

10. Governing law

This agreement is governed by the laws of the Republic of South Africa.

Need help understanding your agreement?