For example, the agreement had to establish that the computer equipment was in perfect condition at the time of delivery. A basic equipment lease agreement will specify the terms and conditions and contain specific guidelines for the storage, use and return of the devices. After signing, the contract becomes a valid and binding contract between the two parties. You must answer all concerns and ask questions before signing the contract or handing over the equipment to the tenant. 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. This agreement begins and expires on . An extension agreement is established for the new term.
PandaTip: Use this section to enter specific information about devices to read. It is recommended that you always include a detailed description of the equipment and all the accessories available to the customer. 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. It equipment leases themselves offer legal protection, but should include a section on insurance and warranties. In this section, you can indicate the condition of the device at the time of the rental, which protects you from grip if a person is injured during the behavior of the equipment. 4th CAUTION. In addition to the rental fee, the tenant must pay a deposit of [WRITTEN DOLLAR AMOUNT] dollar ([NUMERIC DOLLAR AMOUNT]) before receiving equipment and at the time of signing this contract.
This deposit is refunded to the tenant at the end of the agreement, subject to the possibility for the lessor to apply it in exchange for the costs or damages incurred. All amounts refunded to the tenant are paid at the time of termination of this equipment lease. The deposit is paid at an annual interest rate of [PERCENTAGE RATE] % of the payment date to the lessor until the day of repayment based on the total amount of the deposit. The agreement should be concluded with the signatures of the lessor, tenant and witness, as well as with the contact details of each party. Sign the document in front of a notary and leave the notarized agreement in accordance with the certification. You can use a typical equipment rental contract and fill out the relevant information to simplify the process.