DIY Legal Forms

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Automobile Associate Lease

THIS AUTOMOBILE ASSOCIATE LEASE AGREEMENT made the ................. day of .............. 20 .. THIS LEASE is made BETWEEN:

................................ of ................................. ('the Owner' ) of one part:

AND [Name] ('the Lessee')

RECITALS

.............................. ('the Owner') is the owner of a ..........................................…............... automobile.

Registration number ................................................ ('the Vehicle').

The Owner has agreed to Lease the vehicle to the Lessee.

The Lessee has undertaken to accept the obligation to make the payments due under this Lease during the term of the Lease

NOW THIS LEASE WITNESSES and the parties agree as follows:

This Lease shall commence on the ..................... day of ....................... 20 .. and shall continue until the ................. ................. day of the...................... month ('the Term') subject to early termination and herein provided and to be renewed thereafter by mutual negotiation between the Lessee and the owner.

The Owner hereby Leases the Vehicle to the Lessee for the Term.

The Lessee shall at all times during the Term pay to the owner the rent reserved by this Lease on the day and in the manner provided in this Lease. The total amount payable under this Lease is $....... per fortnight payable each payday commencing f/n ending .................

It is acknowledged that the Lessee may make the vehicle available for the use of the Owner and the Owner's associates (as defined in the Fringe Benefits Tax Assessment Act 1986). The Owner will be responsible for all maintenance costs and running costs (including registration, insurance, repairs, oil and fuel, etc) of the Vehicle during the Term of this Lease. This Lease may be terminated by four week’s notice in writing from the Lessee.

The costs of incidental to the instructions for and the preparation, execution and stamping of this Lease and all stamp duties and other out goings payable in respect of this Lease shall be borne and paid by the Lessee.

Applicable Law. The laws of the state of [State] shall be applied in construing this Lease regardless of where it is executed or where the Vehicle that is the subject matter of this Lease is located.

EXECUTED by the parties this .......................... day of ....................... 20 ..

SIGNED by Owner:

SIGNED by Lessee:

*** If Required By State Law ***

This Section for Notary:

Acknowledgment

STATE OF -------)

) ss: [date]

COUNTY OF ------)

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

[signature]

[Name of Notary Public]

My commission expires: [date]

(Seal)