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There is no grace period after signing a car lease. This assumes that there was no misrepresentation or fraud in the inception of the agreement. Also, dealerships generally display a No Cooling Off Period in the financing office and similar language is customarily on the lease and other documents.
Grace Period before Transfer Can Be Made. Typically, there is a grace period after the death of the owner before which a change of ownership without probate cannot be made. However, if the vehicle's registration is set to expire within that grace period, renewal fees will have to be paid. car certificate of title is a document that certifies ownership of a particular vehicle. This document is usually issued by a title company or as a written opinion of an attorney. Some states call this a pink slip or just the vehicle's title.