Terms and Servies - Rental Agreement
EQUIPMENT RENTAL AGREEMENT
OWNER:
Neighborly’s Equipment & Rental, LLC
1940 Brevard Road
Arden, NC 28704
Phone: (828) 305-8913
RENTER: _____________________
Date: _________
Address:
Contact Phone: _______________
Place of Use:_______________________
EQUIPMENT RENTED
ITEM SERIAL NUMBER DESCRIPTION
- ___________ ________________ _____________________
- ___________ ________________ _____________________
- ___________ ________________ _____________________
Rental Rate:
_________________for rental period__________________________________
_________ per week thereafter
RENTAL TERMS AND CONDITIONS
- The RENTER shall keep and maintain the rented equipment during the terms of the rental at
his won cost and expense. He shall keep the equipment in a good state of repair, normal wear and
tear excepted.
- The RENTER shall pay the OWNER full compensation for replacement for replacement
and/or repair of any equipment which is not returned because it is lost or stolen or any equipment
which is damaged and in need of repair to put it into the same condition it was in at the time of
rental, normal wear and tear excepted. The OWNER’s invoice for replacement or repair is
conclusive as to the amount RENTER shall pay under this paragraph for repair or replacement.
- The RENTER shall not remove the equipment from the address of the RENTER or the
location shown herein as the place of use of the equipment without prior written approval of the
OWNER.
The RENTER shall inform the OWNER upon demand of the exact location of the equipment
while it is in the RENTERS’s possession.
- The equipment shall be delivered to RENTER and returned to OWNER at the RENTER’s
risk, cost and expense. If a periodic rental rate is charged by OWNER, rental charges are billed to
the RENTER for each period or portions of the period form the time the equipment is delivered
to RENTER until its return. If a term rental rate is charged by OWNER, rental charges are billed
to the RENTER for the full term even if the equipment is returned before the end of the term. If
the equipment is not returned during or at the end of the term, then the rental charges shall
continue on a full term basis for any additional term or portion thereof until the equipment is
returned.
- No allowance will be made for any rented equipment or portion thereof which is claimed not
to have been used. Acceptance of returned equipment by OWNER does not constitute a waiver
of any of the rights OWNER has under the rental agreement.
- The RENTER shall allow OWNER to enter RENTER’s premises where the rented
equipment is stored or used at all reasonable times to locate and inspect the state and condition of
the rented equipment. If the RENTER is in default of any of the terms and conditions of this
agreement, the OWNER, and his agents, at the RENTER’s risk, cost and expense may at any time
enter the RENTER’s premises where the rented equipment is stored or used at all time and
recover the
rented equipment.
- The RENTER shall not pledge or encumber the rented equipment in any way. The OWNER may terminate this agreement immediately upon the failure of RENTER to make rental payments
when due, or upon RENTER’s filling for protection from creditors in any court of competent
jurisdiction.
- The OWNER makes no warranty of any kind regarding the rented equipment, except that
OWNER shall replace the equipment with identical or similar equipment if the equipment fails to
operate in accordance with the manufacturer’s specifications and operation instructions. Such
replacement shall be made as soon as practicable after RENTER returns the non-conforming
equipment.
- RENTER indemnifies and holds OWNER harmless for all injuries or damage of any kind for
repossession and for all consequential and special damages for any claimed breach of warranty.
- The RENTER shall pay all reasonable attorney and other fees, the expenses and costs incurred
by OWNER in protection its rights under this rental agreement and for any action taken
OWNER to collect any amounts due the OWNER under this rental agreement.
- These terms are accepted by the RENTER upon delivery of the terms to the RENTER or the
agent or other representative of RENTER.
Date:______________________
RENTER:___________________
OWNER:____________________