PandaTip: Rental rates must be described in as much detail as possible, the car or any other vehicle can be rented for a flat fee, weekly fee, monthly fee, per trip or per mile. The examples are “. the sum of 5,000 USD”, “. the sum of USD 500 per calendar month paid on the last day of each month in which the car rental contract is in force”. The sum of $0.50 per mile driven by the vehicle is payable monthly and is calculated by reference to the vehicle`s odometer. WHERE: The owner is the registered owner of the vehicle. 7.11 The owner undertakes to bear the costs of maintenance and repair of routine vehicles due to normal wear and tear and to expressly avoid damage caused by a collision. The tenant can pay the above and can then only recover the costs from the landlord with the prior written consent of the landlord. PandaTip: If you want to remove or add allowed drivers, you can do so here by adding or removing rows from the table below.
If you prefer to allow a driver, you can delete the table above and indicate it here. For example: “Any person 18 years of age or older who has a valid driver`s license,” or “Any employee of ABC Corp Limited who has a valid driver`s license.” PandaTip: In this car rental example, the “owner” is the person who owns the vehicle and the “renter” is the person who will rent it. The renter is not required to be an authorized driver (the list of drivers can be found in Appendix B). The tenant can be a natural or legal person (such as a company). If the tenant is a natural person, you must amend the above clause to reflect this fact. PandaTip: Change this clause if you want the tenant to bear the costs of routine maintenance or share these costs between the landlord and the tenant. PandaTip: If you do not wish to include the right to arbitration or wish to choose another arbitrator, please delete or modify this clause. Arbitration is a private agreement (unlike a legal case) and is sometimes involved to show the parties that they cannot obtain benefits by threatening to file a claim, but that they must be prepared to go through a fair arbitration hearing. 5.1.1 the inability of the lessee to pay the rents due under the car rental agreement within 60 (sixty) days from their due date, unless such delay has been explicitly agreed between the parties. 1.10 This car rental agreement can be concluded in both English and other languages. .