7.11 The owner undertakes to bear the costs of maintenance and repair of routine vehicles due to normal wear and tear and to expressly avoid damage caused by a collision. The tenant can pay the above and can then only recover the costs from the landlord with the prior written consent of the landlord. PandaTip: In this car rental example, the “owner” is the person who owns the vehicle and the “renter” is the person who will rent it. The renter is not required to be an authorized driver (the list of drivers can be found in Appendix B). The tenant can be a natural or legal person (such as a company). If the tenant is a natural person, you must amend the above clause to reflect this fact. PandaTip: If you do not wish to include the right to arbitration or wish to choose another arbitrator, please delete or modify this clause. Arbitration is a private agreement (unlike a legal case) and is sometimes involved to show the parties that they cannot obtain benefits by threatening to file a claim, but that they must be prepared to go through a fair arbitration hearing. PandaTip: If this lease applies to a vehicle that is not a car, you may need to change some of the above information. 7.17 The renter undertakes not to sublet the vehicle. This car rental agreement (the “Contract”) defines the conditions under which [lessor`s name] (the “Lessor”), a company duly registered under the laws of [the State] with registered number [registered number] and its address registered at [ADDRESS], a vehicle [name of the lessee] (the “Lessee”) is a company duly registered and registered in accordance with the laws of [the State] with registered number [registered number] and which is registered has no registered address at [ADDRESS] (together, the “Parties”). PandaTip: Rental rates must be described in as much detail as possible, the car or any other vehicle can be rented for a flat fee, weekly fee, monthly fee, per trip or per mile. The examples are “.
the sum of 5,000 USD”, “. the sum of USD 500 per calendar month paid on the last day of each month in which the car rental contract is in force”. The sum of $0.50 per mile driven by the vehicle is payable monthly and is calculated by reference to the vehicle`s odometer. 4. RENTAL PRICE It is agreed that the tenant will pay the owner [RATE]. These rates are paid less any taxes. 7.1 Both parties guarantee that they have the necessary power and authorisation to conclude this car rental agreement. 10.1 This Car Rental Agreement is subject to the exclusive jurisdiction of the laws of [State AND COUNTRY]. 1.2 “authorised driver” means the persons referred to in Annex B. 1.10 This leasing contract may be concluded in English and other languages.
In the event of a contradiction between the contract in its various translations, the English version takes precedence. . 7.18 The renter undertakes not to use the vehicle for purposes other than those provided for in clause 6. 7.16 In the event of a collision, the Renter agrees to reimburse all costs and losses resulting from the collision that are not covered by the insurance, including the payment of the deductible (or deductible) on the insurance policy (if any). 7.25 Both parties warrant that they will not do anything to obstruct or impede the performance of the obligations of the other parties to this Car Rental Agreement. . . .