Question
A vehicle is purchased by the laybye system. The seller stipulates that if the buyer does not collect the vehicle after three months, he will levy storage fees. Is this permissible?
Answer
The 'storage fees' for the vehicle is rental to which the seller is entitled. As long as there is such an agreement, the Ijaarah will be valid. The rental must be fixed and agreed in advance.
- Source
- themajlis.co.za
- Published in
- The Majlis Vol 26 No 09
- PDF page
- 5
Appears under FANA -ANNIHILATION (approximate).