Can I have leased alarm systems?

It depends on the equipment and programs that security companies offer to their customers, be sure to read any security contract carefully, and make sure you understand all the terms before you sign. Leased systems remain the property of the security company. Your monthly bill usually combines the fees for lease of the equipment and the fees for monitoring. Security lease and monitoring contracts vary widely from company to company. If you cancel the service, the security company can come and remove the system from your home some allow you to cancel anytime without penalty. Others obligate you to pay the entire remaining balance of the contract immediately if you cancel for any reason.