Rental Agreement
Rental Agreement Terms and Conditions
1. Introduction This Rental Agreement (the "Agreement") sets forth the terms and conditions under which the item (the "Item") is rented to the Renter. The Renter has the option to choose from the following rental duration:
48-hour rental
7-day rental
Purchase
2. Rental Options and Fees a. 48-Hour Rental:
Fee: [Item fee]
Duration: The rental period will commence at the time of pickup or delivery and will end 48 hours later.
Late Return Fee: $50 x Item fee per day
b. 7-Day Rental:
Fee: [Item fee]
Duration: The rental period will commence at the time of pickup or delivery and will end 7 days later.
Late Return Fee: $50 x Item fee per day
c. Purchase:
Purchase Price: [Specify purchase price]
The Renter may choose to purchase the Item at any time during the rental period or at the end of the rental period. The purchase price will be in addition to any rental fees already paid.
3. Security Deposit A refundable security deposit of [Specify amount] is required at the time of rental. The deposit will be refunded upon the return of the Item in its original condition, subject to deductions for damages or late fees.
4. Condition of Item The Renter agrees to return the Item in the same condition as it was received, excluding normal wear and tear. The Renter will be responsible for any damage to the Item during the rental period.
5. Cancellation Policy Cancellations must be made [Specify time frame] prior to the start of the rental period for a full refund. Cancellations made after this time will be subject to a cancellation fee of [Item fee].
6. Liability The Renter assumes all risks associated with the use of the Item and agrees to indemnify and hold harmless the Owner from any and all claims, damages, or liabilities arising from the Renter's use of the Item.
7. Governing Law This Agreement shall be governed by and construed in accordance with the laws of Ottawa, ON.
8. Acknowledgement By signing this Agreement, the Renter acknowledges that they have read, understood, and agreed to the terms and conditions set forth herein.
Renter's Signature: ________________________
Date: ________________________
Owner's Signature: ________________________
Date: ________________________
Please note that this is a general template and may need to be adjusted based on specific legal requirements and the nature of the rental item. It is advisable to consult with a legal professional before finalizing the agreement.
1. Introduction This Rental Agreement (the "Agreement") sets forth the terms and conditions under which the item (the "Item") is rented to the Renter. The Renter has the option to choose from the following rental duration:
48-hour rental
7-day rental
Purchase
2. Rental Options and Fees a. 48-Hour Rental:
Fee: [Item fee]
Duration: The rental period will commence at the time of pickup or delivery and will end 48 hours later.
Late Return Fee: $50 x Item fee per day
b. 7-Day Rental:
Fee: [Item fee]
Duration: The rental period will commence at the time of pickup or delivery and will end 7 days later.
Late Return Fee: $50 x Item fee per day
c. Purchase:
Purchase Price: [Specify purchase price]
The Renter may choose to purchase the Item at any time during the rental period or at the end of the rental period. The purchase price will be in addition to any rental fees already paid.
3. Security Deposit A refundable security deposit of [Specify amount] is required at the time of rental. The deposit will be refunded upon the return of the Item in its original condition, subject to deductions for damages or late fees.
4. Condition of Item The Renter agrees to return the Item in the same condition as it was received, excluding normal wear and tear. The Renter will be responsible for any damage to the Item during the rental period.
5. Cancellation Policy Cancellations must be made [Specify time frame] prior to the start of the rental period for a full refund. Cancellations made after this time will be subject to a cancellation fee of [Item fee].
6. Liability The Renter assumes all risks associated with the use of the Item and agrees to indemnify and hold harmless the Owner from any and all claims, damages, or liabilities arising from the Renter's use of the Item.
7. Governing Law This Agreement shall be governed by and construed in accordance with the laws of Ottawa, ON.
8. Acknowledgement By signing this Agreement, the Renter acknowledges that they have read, understood, and agreed to the terms and conditions set forth herein.
Renter's Signature: ________________________
Date: ________________________
Owner's Signature: ________________________
Date: ________________________
Please note that this is a general template and may need to be adjusted based on specific legal requirements and the nature of the rental item. It is advisable to consult with a legal professional before finalizing the agreement.