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18. RENUNCIATION. The failure of a party to insist on the strict application of a provision of this agreement should not be construed as waiving those or other rights at a later date. In the case of a short-term lease, the lessor may give the lessor the opportunity to renew, terminate the contract or acquire the leased equipment. It depends on the terms of the original agreement reached and accepted by both parties. If you are responsible for creating an equipment rental model, there are two main types of agreements that you can invent: RENTAL TERMS AND CONDITIONS 1. The renter must keep and maintain the rented equipment during the rental conditions, at his own expense and acquired costs. It must keep the equipment in a good repair condition, with the exception of normal wear. 2. The renter pays the owner the full compensation for the replacement and/or repair of equipment that is not returned because it has been lost or stolen, or for equipment that is damaged and must be repaired to restore it to the condition it was in at the time of the rental, with the exception of normal wear and tear. The owner`s replacement or repair bill is conclusive with respect to the amount the renter must pay for the repair or replacement in accordance with this paragraph. 3.

The tenant cannot remove the device from the tenant`s address or place of use without the owner`s prior written permission. The renter informs the owner, at his request, of the exact location of the equipment while he is owned by the renter. (4) The equipment is delivered to RENTER and returned to the owner at the cost, risk, costs and costs of the renter. When a periodic rental price is charged by the owner, the rental fee is charged to the renter for each period or part of the period from the date the device is delivered to RENTER until it returns. When a term rental price is charged by the owner, the rental fee is charged to the renter for the entire life, even if the equipment is returned before maturity. If the device is not returned during or at the end of the life, the rental fee remains for an additional period or part of it until the device is returned. These will be the two main types of leases used by companies that lease their equipment. There are also other types of equipment leases that combine the characteristics of these two types. If you need to create a model for your business, think about the needs of your customers and your business. (e) except, due to the owner`s fault, the assessment of all fines, penalties, court costs and other equipment-related expenses against the owner or equipment during the rental period; In any event, an equipment lease is a document indicating that one party agrees to borrow a piece or part of its equipment from the other party for a specified period of time for a predetermined amount of money. An equipment lease is akin to a supplier or subcontract, but it contains a much more specific language for equipment rental.

4th CAUTION. In addition to the rental fee, the tenant must pay a deposit of [WRITTEN DOLLAR AMOUNT] dollar ([NUMERIC DOLLAR AMOUNT]) before receiving equipment and at the time of signing this contract. This deposit is refunded to the tenant at the end of the agreement, subject to the possibility for the lessor to apply it in exchange for the costs or damages incurred.