Vehicle Hiring Agreement
And while the owner continued to assure the lessee that he had the right to sell the vehicle in question at the time of the transfer of the land and that the vehicle in question was free of fees or charges to third parties at the time of the transfer of ownership. The term of this rental agreement expires from the date and time of pick-up of the vehicle, as indicated directly above the signature line at the end of this agreement, until the return of the vehicle to the owner and the conclusion by both parties of all the conditions of this agreement. The planned rental period is as follows: 3. Against the delivery of the vehicle in question to the tenant, the latter has in advance an amount of Rs. …….. as first rent (the receipt that the landlord hereby confirms) and is just in time to the landlord in his place the sum of Rs. ……. each calendar month as rent for the rental of the vehicle in question, the first payment on the ………. Day of ………. and any subsequent payment on the ……….
The day of each subsequent month. During the continuation of the rental, the renter must: a) all damage to the vehicle, including tires, break-in or vandalism, theft, fire, towing and recovery costs. 12. All disputes, disputes and/or claims arising out of this Agreement shall be settled by arbitration under the provisions of the Indian Arbitration Act 1940 or by a legal amendment the the indian Arbitration Act and referred solely to the Shri arbitration procedure ………….. or in the event of death, refusal, negligence, inability to arbitrate Shri`s exclusive arbitration……. The arbitrator`s arbitral award is final and binding on the parties. 1. The owner rents and the renter takes charge of the vehicle described in particular in the list. 31. The landlord has the right to terminate the rent and immediately take possession of the vehicle if the renter does not comply with any of the conditions of this agreement or if the vehicle is damaged. Termination of the lease under this clause does not affect the other rights of the landlord and the rights of the tenant under the agreement or otherwise. No refunds.
29. The lessee must return the vehicle to the place of activity of the owner or to the agent of the owner at the place of activity of the intermediary or request the agreement of the owner to continue the rent, or before the end of the rental period. A vehicle rental agreement is a contract between a vehicle owner (lessor) and a person who pays the owner to own the vehicle for a certain period of time (lessee). Leasing, which is usually paid monthly, consists of a depreciation tax for vehicles, a financing tax similar to the interest on a car loan, and all relevant sales taxes. (c) the loss of use of the vehicle by the owner during the period during which the vehicle is out of the fleet for repair. This period is calculated on the basis of the daily rental price of the vehicle. (g) to use or authorise the vehicle to be used for the carriage of more than two or more passengers than the weight indicated in the vehicle`s loading certificate. .