RENTAL AGREEMENT

by | Feb 13, 2024 | Agreements

RENTAL AGREEMENT

THIS RENTAL CONTRACT SETS FORTH THE TERMS AND CONDITIONS THAT GOVERN YOUR RENTAL AGREEMENT WITH THE GRAND RENTAL STATION.THE TERM LESSOR/WE REFERS TO THE GRAND RENTAL STATION WHILE THE TERMS LESSEE/ RENTER/ YOU REFERS TO THE PERSON WHO WILL SIGN THE CONTRACT.

IT IS IMPERATIVE THAT YOU CAREFULLY READ AND UNDERSTAND THE ENTIRETY OF THIS CONTRACT BEFORE AFFIXING YOUR SIGNATURE. BY DOING SO, YOU AFFIRM YOUR COMMITMENT TO ABIDE BY ALL THE OBLIGATIONS, RESPONSIBILITIES, AND RULES SPECIFIED WITHIN.

ADDITIONALLY, WE WANT TO HIGHLIGHT THAT THIS CONTRACT CONTAINS IMPORTANT DISCLAIMERS RELATED TO LIABILITY AND DAMAGE CONCERNING THE RENTED ITEMS. IT IS VITAL TO REVIEW THESE DISCLAIMERS THOROUGHLY TO COMPREHEND THE EXTENT OF YOUR RESPONSIBILITIES WHILE IN POSSESSION OF THE RENTED PROPERTY.

BY SIGNING THIS RENTAL CONTRACT, YOU CONFIRM THAT YOU HAVE INSPECTED THE RENTED ITEMS UPON RECEIPT AND FOUND THEM TO BE IN PERFECT CONDITION. YOU ARE RESPONSIBLE FOR MAINTAINING THE ITEMS IN THIS CONDITION THROUGHOUT THE RENTAL PERIOD. I ACKNOWLEDGE THAT I HAVE READ AND AGREED TO ALL TERMS OF THIS CONTRACT.

SIGNATURE: _______________________

IF SOMEONE OTHER THAN THE RENTER/LESSEE IS SIGNING THIS CONTRACT, THE SIGNER HEREBY DECLARES AND GUARANTEES THAT THEY ARE ACTING AS THE AUTHORIZED AGENT OF THE RENTER/LESSEE.

 

 

 

 

 

Invoice/Agreement No.: _________________    Time in:  ______________________

Time out: _____________________

THIS AGREEMENT is hereby entered into on this ………………day of …….……………. Two Thousand and ……………………………

BETWEEN

  1. GRAND RENTAL STATION, with a principal place of business at [Insert address] hereinafter referred to as (“Lessor”)

AND

  1. [Name of Renter], whose address is [insert address] hereinafter referred to as (“Lessee”), collectively referred to as the “Parties,”.
  2. RENTAL ITEMS:
  3. Lessor agrees to rent the following items to Lessee:

[List the rented items, such as tents, inflatables, etc., along with their descriptions and quantities]

  1. PHYSICAL CONDITION OF RENTAL ITEMS:
  2. Lessee acknowledges that they have examined the rental items prior to signing this Agreement and accepts them in their current condition.
  3. Lessee agrees to promptly notify Lessor of any pre-existing damage or defects found in the rental items upon receipt.
  4. Lessee shall be responsible for any damages caused to the rental items during the rental period, except for normal wear and tear.
  5. RENTAL PERIOD:
  6. The rental period shall begin on [Start Date] at [Start Time].
  7. The rental period shall end on [End Date] at [End Time].
  8. Any extension or changes to the rental period must be agreed upon in writing by both Parties.
  9. RENTAL PAYMENTS:
  10. Lessee shall pay Lessor the rental fee in full upon signing this Agreement.
  11. Additional charges may apply for any damage, loss, or overdue items.
  12. All payments shall be made in the form of [Accepted Payment Methods].
  13. PAYMENT TERMS:
  14. The Lessee shall make two separate payments for the Rental Items as follows:
  15. The Lessee shall pay 30% of the total rental cost upfront, and this payment is non-refundable.
  16. The remaining 70% of the total rental cost must be paid before the Rental Items are delivered or collected by the Lessee.

Please note that the initial 30% payment made by the Lessee upfront is non-refundable. The Lessee is required to complete the full payment before receiving the Rental Items. There is no separate security deposit involved in this arrangement.

  1. USE OF RENTAL ITEMS:
  2. Lessee agrees to use the rental items solely for their intended purpose and in compliance with all applicable laws and regulations.
  3. Lessee shall not use the rental items for any illegal, hazardous, or prohibited activities.
  4. Lessee shall ensure that all users of the rental items are properly trained and competent to operate them safely.
  5. If a replacement rental item is not available, Lessor shall refund a pro-rata portion of the rental fee for the remaining rental period affected by the item’s failure.
  6. CARE AND USE OF RENTAL ITEMS:
  7. Lessee agrees to use the rental items in a careful and proper manner and in accordance with any instructions provided by Lessor.
  8. Lessee shall be responsible for any damage, loss, or theft of the rental items during the rental period.
  9. Lessee shall not make any alterations or modifications to the rental items without the prior written consent of Lessor.
  10. FAILURE OF RENTAL ITEMS:
  11. In the event that the rental items fail or become faulty during the rental period, Lessee shall immediately cease using the item and notify Lessor.
  12. Lessor will make reasonable efforts to repair or replace the faulty rental item within a reasonable timeframe, subject to availability.
  13. TERMINATION:
  14. Lessor may terminate this Agreement and reclaim the rental items immediately if:
  15. Lessee fails to make payment in accordance with this Agreement.
  16. The rental items are damaged or lost due to negligence, misuse, or unauthorized alterations by Lessee.
  17. In the event of termination, Lessee shall remain liable for any outstanding rental fees or costs associated with the damage or loss of the rental items.
  18. LIABILITY:
  19. Lessee assumes full responsibility for any injuries or damages arising from the use of the rental items during the rental period.
  20. Lessee agrees to indemnify and hold Lessor harmless from any claims, damages, or liabilities arising out of the use, operation, or possession of the rental items.
  21. GOVERNING LAW AND JURISDICTION:
  22. This Agreement shall be governed by and construed in accordance with the laws of the state of North Carolina.
  23. Any dispute arising out of or in connection with this Agreement shall be resolved by the state and federal courts located in the state of North Carolina.
  24. DISPUTE RESOLUTION CLAUSE:
  25. Any dispute, controversy, or claim arising out of or relating to this Agreement, including its formation, interpretation, performance, or termination, shall be resolved through litigation. The Parties agree that any legal action or proceeding shall be filed and litigated exclusively in the state and federal courts located in [insert specific jurisdiction, city, and state], with competent jurisdiction over the matter. In the event of litigation, the prevailing party shall be entitled to recover its reasonable attorney’s fees, costs, and expenses.
  26. ENTIRE AGREEMENT:
  27. This Agreement constitutes the entire understanding between the Parties and supersedes all prior discussions, understandings, or agreements, whether written or oral.
  28. COUNTERPARTS:
  29. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

Signed by or on behalf of:

THE UNDERSIGNED HAVE READ, FULLY UNDERSTOOD AND BY SIGNING

LESSOR                                                         LESSEE

NAME:                                                           NAME:

_____________________________                   ________________________

SIGNATURE:                                                    SIGNATURE:

______________________________                _________________________

DATE:                                                           DATE:

______________________________                _________________________

 

 

At Legal writing experts, we would be happy to assist in preparing any legal document you need. We are international lawyers and attorneys with significant experience in legal drafting, Commercial-Corporate practice and consulting. In the last few years, we have successfully undertaken similar assignments for clients from different jurisdictions. If given this opportunity, The LegalPen will be able to prepare the legal document within the shortest time possible. You can send us your quick enquiry ( here )