Simple Format for Lease Agreement | Lease agreement Formats

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Simple Format for Lease Agreement _ Lease agreement Formats


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 Vehicle Rental Agreement format

(Lease agreement Format)


This  Vehicle Rental Agreement (hereinafter referred to as the “Agreement”) is

Entered into as of _________________ by and between ________________________,

With a mailing address of ________________________________________________

_____________________________________ (hereinafter referred to as the “Owner”)

And ________________________, with a mailing address of ________________________________________________________ (hereinafter referred to as the “Renter”),

Collectively referred to as the “Parties,” both of whom agrees to be bound by this agreement.


1. Vehicle Being Rented. The Owner agrees to rent the following vehicle to the renter:


_______________     _____________   _____________

Make Body Year

___________________      _____________________

Model VIN


_________________________________________________

_________________________________________________

_________________________________________________

Additional Information

Hereinafter referred to as the “Vehicle”.


2. Rental Amount. The amount of the Vehicle Rental is Rupees____________________per_____________________


Period


The Rental includes unlimited miles. The Renter will not be required to pay any fees for miles used.


3. Vehicle Cost Disclosure: The full retail value of the Vehicle as of ___________ is Rupees ____________________.


4. Down Payment: The Renter will provide a down payment of Rupees ___________________, which will be deducted from the amount to be paid over the term of the Rental.


5. Rental Duration. This Agreement will begin on _____________________ and remain in full force and effect until the Vehicle is returned to the Owner. It is agreed that the Renter will return the Vehicle on _____________________ unless the agreement is terminated earlier.

6. Damage or Loss. As permitted given the extent of the law, the Renter will be responsible for the risk of theft, damage, loss, or destruction of the Vehicle from any and every cause. If while in the Renter's possession the Vehicle becomes damaged, the

Renter agrees to pay for any and all costs of repair, up to the current value of the vehicle. If while in the Renter's possession, the Vehicle becomes lost, the Renter agrees to pay the Owner its current value.


7. Late Return.  If the vehicle is returned to the Owner after the date and time that the rental period ends, the Renter agrees to pay the Owner a charge of rupees ____________________ per day for each day beyond the end of the rental period, until the Vehicle is returned. The Owner is also allowed to subtract these charges from the security deposit (if applicable).


8. Security Deposit. In addition to the fees listed in the Rental Amount and Late return, The Renter agrees to pay a deposit of Rupees____________________ at the time this Agreement is signed. The Owner may use this deposit to cover any amounts due under this Agreement.


9. Insurance: Insurance coverage is required for the Vehicle under this Agreement.


10. Vehicle Responsibility: The Renter agrees that they will be the sole operator of the Vehicle over the term of the Rental unless otherwise agreed upon with the Owner.


11.  Vehicle Care: It is agreed that the Vehicle must only be used in a proper and careful manner consistent with the Owner's instructions and/or as the Vehicle was originally designed.


12. Legal Fees:  In the event of a dispute resulting in legal action, the successful party will be entitled to its legal fees, including, but not limited to its attorneys’ fees, collection fees, and the like.


13. Legal and Binding Agreement. This Agreement is legal and binding between the parties as stated above. The Parties each represent that they have the authority to enter into this Agreement.


14. Governing Law and Jurisdiction:  The Parties agree that this Agreement shall be governed by ____________________ law.


15. Entire Agreement. The Parties acknowledge and agree that this Agreement represents the entire agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify any terms, they shall do so in writing to be signed by both parties.


The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as follows:


OWNER RENTER

Name: _______________ Name: _______________


Signed: _____________ Signed: _____________


Date: _______________ Date: ________________






Sample 2:-  Format for lease agreement


Lease agreement format for Contract work




 

                                                                                                                                                                                                                                                                                               Annexure-A


FORM OF MEMORANDUM OF UNDERSTANDING

FOR LEASE/HIRE OF CONSTRUCTION EQUIPMENT


Details of equipment proposed for lease/hire:

 

Sl. No.

Details of Equipment

Capacity

Age/Condition

From whom proposed to be leased/hired

1.

 

 

 

 

2.

 

 

 

 

3.

 

          

 

 


LEASE AGREEMENT


I hereby state that the above listed equipment(s) actually belongs to me and the ownership documents for each of the equipment(s) attached herein for proof of ownership. That I agree to lease/hire out the said equipment to Shri/Smti._________________________________________ for implementation of the contract work _____________________________________ from the prescribed date fixed for mobilization till completing of the contract work. That I have not entered into any agreement with any other person/party to lease/hire out of the same equipment(s) during the period of the aforesaid contract work.

 

               

That in case of inquiry from the department to confirm this memorandum of understanding I am willing to give evidence of my commitment to the satisfaction of the Department.

 

                                                Signature of Leaser                :


                                                Contact Address                      :



This is to certify that I have agree to lease/hire the above mentioned construction equipment(s) from Shri/Smti. _______________________________________________ For the work _____________________________________________________, that I have inspected and satisfied myself that the equipment(s) is/are in good condition and that the details furnished above are correct and supported by necessary documents. I also understand that the Department have to satisfy themselves that the equipment(s) is/are in good working condition and can actually be deployed for the tendered work if awarded to me.

 



                                                               Signature of Contractor/Lessee            :

                                                               

                                                               Contact Address                                    :


Witness:



                               

 

Solemnly executed before me on this………………………. Day of ………………………………………….




                                     



                                       EXECUTIVE MAGISTRATE.










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