When renting appliances, you can choose whether the tenant needs insurance to cover loss or damage to the equipment itself, as well as to cover property or personal damage while using the device. 2. TERMS OF PAYMENT. The rental fee is based on a dollar [WRITTEN DOLLAR AMOUNT] price ($[NUMERIC DOLLAR AMOUNT]) per day, plus any additional fees. If the device is damaged, if parts are missing or returned later than [DATE AND TIME], additional charges are added. All royalties will begin on the effective date of this agreement. In addition to the daily rental fee, the tenant pays the landlord an additional service fee of $1 million [[NUMERIC DOLLAR AMOUNT]) per day. The owner invoices the customer an invoice on [TIME PERIOD] and all invoices are due after receipt. 5. No subsidies are granted for leased equipment or parts of which are alleged to have not been used. The acceptance of the equipment returned by the owner does not constitute a waiver of the owner`s rights under the lease agreement.
7. MAINTENANCE AND OPERATION. The device must be used and used with care and regularity. Its use must comply with all laws, regulations and regulations relating to the possession, use or maintenance of the devices, including registration and/or licensing requirements, if any. 8. The owner does not guarantee the leased devices, except that the owner replaces the devices with identical or similar devices if the device does not operate in accordance with the manufacturer`s specifications and instructions. This exchange should be made as soon as possible after the return of the non-compliant equipment by RENTER. PandaTip: This agreement was drafted so that the equipment would be leased at a daily price and for a longer period of time. Each state imposes a maximum “late tax” allowed; It is therefore recommended to ensure that the specific laws of the state comply with the additional charges. An equipment lease agreement is a contract between two parties regarding the use of one type of equipment. The tenant rents the landlord`s equipment for a specified period of time, as stated in the rental agreement.
In return, the tenant again grants compensation to the lessor, as indicated in the contract. 21. FULL AGREEMENT. This agreement, including all the parts added to it and which are part of this agreement, constitutes the entire agreement between the lessor and the lessor with respect to the purpose of this agreement.