10. CHANGES. The tenant may not make any changes to the equipment without the prior written consent of the lessor. All modifications are the property of the owner and are subject to it in the long term. The landlord has the right to inspect the appliances upon request during the tenant`s normal business hours. 8. The owner makes no warranty regarding the leased equipment, except that the owner replaces the device with identical or similar devices if the device does not operate according to the manufacturer`s specifications and operating instructions. Replacement is carried out as soon as possible after the tenant has made the devices non-compliant. RENTAL CONDITIONS 1.
The tenant must keep and wait for the rented equipment during the rental conditions on his fees and expenses earned. It must keep the equipment in good condition, with the exception of normal wear and tear. 2. The tenant pays the owner full compensation for the replacement and / or repair of devices that are not returned because they are lost or stolen, or equipment that is damaged and must be repaired to return them to the condition in which they were at the time of rental, unless normal use. The owner`s invoice for the replacement or repair shall be conclusive up to the amount that the lessee must pay for the repair or replacement in accordance with this paragraph. 3. The tenant may not remove the device from the tenant`s address or the place indicated as the place of use of the device without the prior written permission of the tenant. The tenant must, on request, inform the tenant of the exact location of the equipment while it is owned by the tenant. 4. The equipment must be handed over to the tenant and at the risk of returning the tenant`s costs and expenses to the tenant. If the landlord calculates a periodic rental price, the rental fee is charged to the tenant for each period or part of the period from the date the equipment is delivered to the renter until his return.
If a rental price is charged by the landlord, the rental fee is charged to the tenant for the entire lifetime, even if the equipment is returned before the end of the service life. If the device is not returned during or at the end of the service life, the rental fee for each additional life or part thereof remains at full duration until the equipment is returned. 9. TAXES AND DUTIES. During the term of this Equipment Rental Agreement, the Renter will pay all applicable taxes, charges, and equipment licensing and registration fees. 7. The tenant may under no circumstances mortgage or incriminate the rented equipment. The landlord can terminate this contract immediately if the tenant does not pay the rents on the due date or if the tenant bottles it before a competent court to protect himself against creditors. An equipment lease agreement is a contract between two parties for the use of a certain type of equipment.
The lessee rents the lessor`s appliances for a specified period of time, as indicated in the rental agreement for the appliance. In return, the tenant will again compensate the owner, as stated in the contract. This agreement begins and ends. An extension agreement is established for the new duration. If the equipment is leased for more than two years or for an indefinite period (more than two years at the end), the Personal Property Securities Act 2009 (Commonwealth) may also apply. In some countries, rental devices that rent expensive equipment or rent for long periods of time may be required to take out insurance for their equipment rental. For short-term rentals or those that rent cheap equipment (such as a stereo or tripod), it can always be worth requiring insurance to make sure you`re protected in the event of an unforeseen circumstance. An equipment rental agreement is a document that individuals or companies use to rent devices (electronics, medical tools, heavy machinery, etc.) from one party to another party. This agreement defines the responsibilities and obligations of each party and allows them to outline important conditions, for example. B the rental costs of the item, when payments are due, the approximate value of the item and much more..
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