MyLegalWhiz - Vehicle Lease Car Rental Agreement

Vehicle Lease Agreement
This Vehicle Lease Agreement is entered into by and between [VEHICLE OWNER]
(“Owner”) and [RENTER] (“Renter”) (collectively the “Parties”).
1. LEASE VEHICLE
Owner hereby agrees to rent/lease to Renter a passenger vehicle identified as follows:
Make: [MAKE]
Model: [MODEL]
Year: [YEAR]
VIN: [VIN]
Color: [COLOR]
(hereinafter referred to as “Rental Vehicle”).
2. LEASE TERM
The term of this lease agreement shall be for the period of twelve (12) months to
commence from the date and hour of pickup of the Rental Vehicle by the Renter or his
representative, as indicated below.
The estimated lease term is as follows:
Estimated start date: _________________

Estimated end date: _________________
The above notwithstanding, the rights and obligations under this Vehicle Lease
Agreement shall remain effective and enforceable until the return of the Rental Vehicle
to the Owner.
The Parties may shorten of extend the estimated term of lease by mutual consent, in
writing, whether in a new agreement or as an amendment to the present agreement.
3. SCOPE OF USE
Renter will use the Rental Vehicle only for personal or routine business use, and
operate the Rental Vehicle only on properly maintained roads and parking lots. Renter
will comply with all applicable laws relating to holding of licensure to operate the
Vehicle or use it as a vehicle for hire. Renter will not take the Vehicle [location limit]
(optional).
Renter will not allow any other person to operate the Rental Vehicle unless identified
here:
Primary vehicle operator: [Name (Renter)]

Driver’s License Number: _______________________
Expiring on: _______________________
Additional vehicle operator: [Name of Additional Operator]

Driver’s License Number: _______________________
Expiring on: _______________________
4. MILEAGE
Mileage of the Rental Vehicle at the time of the commencement of this Vehicle Lease
Agreement is [Mileage]. Mileage on the vehicle will be limited as follows: [Mileage
Limitation]. Any mileage on the vehicle in excess of this limitation will be subject to an
excess mileage surcharges of [amount] per mile.
5. RENTAL FEES
Renter will pay to Owner rental fees for use of the Rental Vehicle as follows:
Base Fee: [Base Rate] per [Base Rate Increment]
Fuel: [Fuel Requirements]
Excess mileage fees as set forth in Paragraph 4, above.
6. SECURITY DEPOSIT
Renter will be required to provide a security deposit to Owner in the amount of

[Amount] ("Security Deposit") to be used in the event of loss or damage to the Rental
Vehicle during the term of this Vehicle Lease Agreement. Owner may, in lieu of
collection of a security deposit, place on hold 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.
7. INSURANCE
Renter must provide Owner with proof of insurance that would cover damage to the
Rental Vehicle at the time this Vehicle Lease Agreement is signed, as well as personal
injury to the Renter’s passengers in the Rental 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.
8. INDEMNIFICATION
Renter agrees to indemnify, defend, and hold harmless the Owner for any loss,
damage, or legal actions against Owner as a result of Renter's operation or use of the
Rental Vehicle during the term of this Vehicle Lease Agreement This includes any
attorney fees necessarily incurred for these purposes. Renter will also pay for any
parking tickets, moving violations, or other citations received while in possession of
the Rental Vehicle.
9. REPRESENTATIONS AND WARRANTIES
Owner represents and warrants that, to Owner's knowledge, the Rental Vehicle is in
good condition and is safe for ordinary operation of the vehicle.
Renter represents and warrants that Renter is legally entitled to operate a motor
vehicle under the laws of this jurisdiction and will not operate it in violation of any
laws, or in any negligent or illegal manner.
Renter has been given an opportunity to examine the Rental Vehicle in advance of
taking possession of it, and upon such inspection, is not aware of any damage existing
on the vehicle other than that noted by separate Existing Damage document.
10. JURISDICTION AND VENUE
This Vehicle Lease Agreement will be interpreted under and by the laws of the
Republic of the Philippines. In the event of any dispute arising from the interpretation
or application of the provision/s of this Vehicle Lease Agreement, such action shall be
brought exclusively before the Courts of [Place].
11. SEPARATIBILITY
If any portion of Vehicle Lease Agreement is found to be unenforceable by a court of

competent jurisdiction, the remainder of the agreement would still have full force and
effect.
12. ENTIRE AGREEMENT
This Vehicle Lease Agreement constitutes the entire agreement between the Parties
with respect to this rental arrangement No modification to this agreement can be made
unless in writing signed by both Parties. Any notice required to be given to the other
party will be made to the contact information below.
TIME OF VEHICLE PICKUP: [DATE] and [TIME]
RENTER:
[Signature and Date]
[Name]
[Address]
[Phone]
[Email]
OWNER:
[Signature and Date]
[Name]
[Address]
[Phone]
[Email]
ACKNOWLEDGEMENT
REPUBLIC OF THE PHILIPPINES )

_________________________________) .SS
BEFORE ME, a Notary Public for and in _____________, Philippines, this _____ day of
_____________ 20______, personally appeared the following:
Name ID Type/NO. Date and Place Issued
who are known to me and by me known to be the same persons who executed the
foregoing and they hereby acknowledge to me that the same is their voluntary act and
deed as well as that of the Corporation/Partnership represented herein.
This instrument refers to a Vehicle Lease Agreement and consists of three (3) pages
including this page where the acknowledgment is written, and signed by the parties
and their instrumental witnesses on each and every page thereof.
WITNESS MY HAND AND SEAL on the date and place first above written.
NOTARY PUBLIC
Doc. No. ______;

Page No.______;
Book No.______;
Series of ______.

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What is the purpose of the vehicle lease agreement?

What are the renter's responsibilities regarding insurance?

Vehicle Lease Agreement

Owner hereby agrees to rent/lease to Renter a passenger vehicle identified as follows:

(hereinafter referred to as “Rental Vehicle”).

The estimated lease term is as follows:

Estimated start date: _________________

Primary vehicle operator: [Name (Renter)]

Additional vehicle operator: [Name of Additional Operator]

Excess mileage fees as set forth in Paragraph 4, above.

Renter will be required to provide a security deposit to Owner in the amount of

9. REPRESENTATIONS AND WARRANTIES

10. JURISDICTION AND VENUE

If any portion of Vehicle Lease Agreement is found to be unenforceable by a court of

12. ENTIRE AGREEMENT

REPUBLIC OF THE PHILIPPINES )

Name ID Type/NO. Date and Place Issued

Doc. No. ______;

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