Lease to own vehicle contract template

The following table depicts total payment amount non-inclusive of any late fees, cleaning fees, or other applicable charges. Payment Terms Renter shall pay the following amounts on the dates designated unless otherwise agreed by property owner in written documentation.

Amount] as penalty for late payment. Both parties are in agreement that legal ownership of [Property. Renter will not take the vehicle location limit. Mileage on the vehicle will be limited [ Mileage. Any mileage on the vehicle in excess of this limitation will be subject to an excess mileage surcharge of [Excess. Fee] per mile. Renter will be required to provide a security deposit to Owner in the amount of [ Security.

Owner may, in lieu of collection of a security deposit, place a hold on a credit card in the same amount. In the event of damage to the Rental Vehicle, Owner will apply this Security Deposit to defray the costs of necessary repairs or replacement. If the cost for repair or replacement of damage to the Rental Vehicle exceeds the amount of the Security Deposit, Renter will be responsible for payment to the Owner of the balance of this cost.

Renter must provide to Owner with proof of insurance that would cover damage to the Rental Vehicle at the time this Car Rental Agreement is signed, as well as personal injury to the Renter, passengers in the Rented Vehicle, and other persons or property.

If the Rental Vehicle is damaged or destroyed while it is in the possession of Renter, Renter agrees to pay any required insurance deductible and also assign all rights to collect insurance proceeds to Owner. It basically outlines the terms and conditions that both the parties mutually agree upon, so that towards the end of the contract, the vehicle will be returned to its lessor without any hassle. If you are wondering how you can come up with a lease agreement of your own, you might as well check out our ready-made lease templates that are professionally designed by experts.

You can make changes to them just the way you want to, by opening them in various file formats. All you have to do is change the text in the highlighted region of the agreement template.

If you want to, you may also make changes to the other content by simply opening this template in various file formats. It comes with ready-content that can be easily modified to suit your agreement requirements. You can download and open this template in multiple file formats. Download this template for free now! This statement basically gives information regarding the lessor and the lessee such as their name, their address, and purpose of the lease.

The date on which the agreement is made effective along with the validity of the agreement should also be stated. Step 3: Terms of the Agreement Now, enter the terms of the agreement. This shall include the rent, maintenance, repairs, registration, license, insurance, use of operation, and other such details. You should provide brief information for each term of the lease agreement template in Docs and it should be presented in such a way that it is understandable.

Step 4: Signature After all the terms are stated, towards the end, you can leave space for the signature of both the parties to take place. Vehicle Lease Agreement. Formats Word and PDF. Size 6 to 8 pages. Rating 4. How does it work? Choose this template Start by clicking on "Fill out the template". Complete the document Answer a few questions and your document is created automatically. Save - Print Your document is ready!