This Equipment Rental Agreement ("Agreement") is entered into by and between WMSEquipment Rentals ("Lessor") and the undersigned customer ("Renter"). By signing below, the Renter acknowledges that they have read, understood, and agreed to the terms outlined in this Agreement.
1. Equipment Rental
The Lessor agrees to rent to the Renter the equipment described in the attached rental order ("Equipment"). The rental period begins when the Equipment is delivered or picked up by the Renter and ends when the Equipment is returned to the Lessor in accordance with the terms of this Agreement.
2. Rental Period
The rental period starts at the time of delivery or pickup and continues until the Equipment is returned to the Lessor in the same condition as at the start of the rental period, subject to normal wear and tear. Extensions to the rental period must be approved in writing by the Lessor.
3. Rental Rates and Payment Terms
4. Security Deposit
The Renter agrees to provide a refundable security deposit, as specified in the rental order. The deposit will be returned within 7 business days after the Equipment is returned, less any deductions for damage, cleaning, or late fees.
5. Care and Use of Equipment
The Renter agrees to:
6. Damage, Loss, and Repairs
7. Insurance Requirements
The Renter acknowledges that they bear full responsibility for any damage, loss, or liability involving the Equipment. The Lessor strongly advises the Renter to obtain insurance coverage for the Equipment. The Lessor may offer insurance for an additional fee, subject to the terms specified in the rental order.
8. Indemnification
The Renter agrees to indemnify, defend, and hold harmless the Lessor, its agents, and employees from any claims, damages, or liabilities arising from the Renter's use of the Equipment, including, but not limited to, property damage or personal injury.
9. Optional Delivery and Return of Equipment
10. Late Fees and Overages
If the Equipment is not returned on time, the Renter agrees to pay late fees as outlined in the rental order. Late fees accrue daily until the Equipment is returned.
11. Termination
The Lessor reserves the right to terminate this Agreement and repossess the Equipment immediately if the Renter violates any terms of this Agreement.
12. No Subleasing or Assignment
The Renter shall not sublease, rent, sell, assign, or otherwise transfer the Equipment without the Lessor's prior written consent.
13. Limitation of Liability
The Lessor shall not be liable for any indirect, incidental, or consequential damages arising fromthe use or failure of the Equipment. The Lessor’s liability, if any, is limited to the rental chargespaid by the Renter.
14. Governing Law
This Agreement is governed by the laws of the state where WMS Equipment Rentals operates.Any disputes will be resolved exclusively in the courts of that jurisdiction.
15. Entire Agreement
This Agreement constitutes the complete and final understanding between the parties. Noverbal or written statements outside this Agreement are binding unless formally documentedand signed by both parties.
Renter’s Acknowledgment and AgreementBy signing below, the Renter agrees to the terms and conditions set forth above.
Renter’s Name (Printed):
Renter’s Signature:
Date:
For WMS Equipment Rentals
Authorized Representative Name (Printed):
_____________________________________________________________________
Signature: