___________________, referred to herein as “OWNER” and _____________________, referred to as “BORROWER,” agree:
___________________ is the owner of the following described motor vehicle:
Make of vehicle: ________________
Body style: _____________________
OWNER herewith rents to BORROWER the motor vehicle described above, for a period of ____________________, for the purpose of _______________________________________. BORROWER agrees to return the same to OWNER in good condition, ordinary wear excepted.
BORROWER acknowledges an opportunity to review the personal property bailed, and ACCEPTS THE SAME “AS IS,” “WITH ALL FAULTS” and WITHOUT WARRANTY. BORROWER HAS ASCERTAINED THAT THE RENTED PROPERTY IS FIT FOR THE PURPOSE THAT BORROWER DESIRES TO USE THE RENTED PROPERTY.
The OWNER may terminate this rental prior to the expiration of the same, which is specified herein for cause, including but not limited to:
a. the intentional misuse or neglect of the bailed property;
b. the use of the bailed property in contravention of any statute or administrative regulation;
c. other objectively reasonable cause.
Said termination shall be effective immediately upon ___________________’s election to do so.
Borrower shall be responsible to carry all necessary insurance on the vehicle in question and provide such proof to Owner.
This is the entirety of the agreement. Any changes must be made in writing and signed by both parties.
This review list is provided to inform you about this document in question and assist you in its preparation. This document is for short-term rentals of a vehicle or other such items. Be sure to get a proper insurance document to protect your interests. Speak to your insurance agent about the proper approach.
- Make multiple copies. Give one to each signatory. Keep a copy with the transaction file. Be sure to attach the insurance certificate to each copy.
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