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General Rental & Hire Agreement
AGREEMENT made on [Date] by and between [Name] of [Address], hereinafter referred to as "Owner", and [Name] of [Address], hereinafter referred to as "Renter", the parties mutually agree as follows:
Description of property offered for hire and rental: [Full Description].
The Owner warrants that to the best of their knowledge and belief the aforementioned property offered for hire and rental is free of any faults or deficiencies which would affect its safe and dependable operation under safe and normal usage and operation.
Rental Period. The Owner agrees to rent the above described property to the Renter for a period of [Date], beginning [Date], and ending [Date].
Use of Property. The Renter further agrees that the rented property;
(a) shall; not be used beyond any rated capacity;
(b) shall not be used for any illegal purpose;
(c) shall not be used in any manner for which it was not designed, built, or designated by the manufacturer;
(d) will not be used in a negligent manner;
(e) will not be operated by any other person without the written permission of the Owner; and
(d) will not be removed from the designated area of use or operation.
Area of Use or Operation. The Renter agrees to operate and use the above described property only at [Address] or within the following described area(s): [Enumerate].
Other Instruments. The parties agree to execute and deliver any other instruments necessary to effectuate this Agreement.
Indemnification. The Renter hereby agrees that he or she shall fully indemnify the Owner for any and all damage to or loss of the rented property and any accessories or related equipment during the term of this Agreement whether caused by fire, theft, flood, vandalism, or any other cause, except that which shall be determined to have been caused by a fault or deficiency of the rented property, accessories, or equipment.
Rental Rate. The Renter hereby agrees to pay the Owner at the rate of [$------] per [Day/Week/Month] for the use of said property and any accessories and equipment. Any necessary fuel used shall be paid for by the Renter.
Deposit. The Renter further agrees to make a deposit of [$------] with the Owner, said deposit to be used, in the event of loss of or damage to the rented property and any accessories and equipment during the term of this Agreement, to defray fully or partially the cost of necessary repairs or replacement. In the absence of any damage of loss, said deposit shall be credited toward payment of the rental fee and any excess shall be returned to the Renter.
Return of Property to Owner. The Renter hereby agrees to return the rented property and any accessories and equipment to the Owner at [Address] no later than [Date].
Termination of Agreement. It is mutually agreed that the Renter shall have the right to terminate this Agreement at any time by payment of one full days rental for each 24-hour period or any part thereof, during which the Renter has retained possession of the property and any accessories and equipment during the term of this Agreement.
Entire Agreement. This Agreement including any attachments is the entire agreement between the parties and there are no other promises or conditions in any other written agreement.
This Agreement supersedes any prior oral agreements between the parties.
Agreement Binding. This Agreement shall be binding upon the parties hereto and their respective heirs, administrators, successors, and assigns.
No Assignment. Neither this agreement nor any right or interest thereunder shall be assigned in any respect whatsoever.
Exclusion of Oral Statements. This instrument contains all of the agreements of the parties. No oral or other statements shall be binding on either of the parties hereto.
Applicable Law. This Agreement shall be governed by the laws of the State of [State].
Time of The Essence. Time is the essence of this agreement.
IN WITNESS WHEREOF, the parties have executed this agreement the day and year as first above written at [City], [State].
Witness Name and Date