Remedies of the conditional seller and lessor
The remedies of Article 10 are not as detailed as those of Article 8
and 9, as a chargee, unlike a lessor or a conditional seller, is not the owner
but only the holder of a security interest.
A lessor or a conditional seller as the owner of an object only needs the remedies of termination of the agreement and repossession of the object. With the termination of a lease or a conditional sale, the lessee or conditional buyer respectively loose their right to possession of the object.
Any claims that might arise (e.g. due to down payments under a conditional sale or a lease with a purchase option) have to be pursued against the creditor in personam and give the debtor no right in or to withhold the object.
The case in which a lessee has granted a sublease and the lessee is in default (derivative interest) is not regulated by the Convention but left to the applicable national law and the terms of the head le