Download these 15 Free Car Lease Agreement Templates to help you draft your very own Car Lease Agreement effectively. You can also check out our collection of Residential Lease Agreement Templates.
Usually people sign various types of agreements before starting any type of business activity such as buying or selling properties. These agreements are quite important as they can reduce the chances of disputes significantly. Car lease agreement is one of these agreements. This agreement assists to agree on terms and conditions before getting or giving a vehicle on lease. Such agreements make it sure that two or more participants are on a single page in order to satisfy rights and obligations of each peer.
Types of Car Lease Agreement Templates
Leasing is a type of rental system where an asset is given on rent to a person for long time. Car leasing is one of the types of leasing systems in modern days and it involves rental of high price vehicles for business use. In order to reduce the possibilities of fraud from lessee (the user of the car), it is necessary for lessor (the owner of the car) to make an agreement before actually lending the car on lease.
Car leasing agreement may include terms and conditions according to the requirements and contracts of both lessee and lessor. Usually, car leasing rules comes in the leasing agreement according to state laws and government acts. Different countries may apply different leasing rules based on their structural requirements and needs. The participating parties can include these rules in their agreements by mutual coordination.
Car leasing agreements may include several optional sections. Some of the sections to include in each car leasing agreement comprises of definitions of common terms in car leasing. It also includes agreement duration, termination conditions, significant dates, maintenance rules, theft loss or accident cases agreements, and payment agreements. Many other optional clauses may be included in car leasing agreements based on the requirements of the participating peers.
Free Car Lease Agreement Templates