PERSONAL PROPERTY LEASE - SHORT FORM

 

 

SECTION ONE

DESCRIPTION OF PARTIES AND PROPERTY LEASED

 

_______________________ (Name of lessor), of ____________________________ (address of lessor), City of __________, State of ____________, addressed as lessor in this agreement, leases to __________________________________ (name of lessee), of _____________________________________________________ (address of lessee), City of __________, State of ____________, addressed as lessee in this agreement, and lessee hires from lessor, the following described personal property: __________.

 

SECTION TWO

TERM OF LEASE

 

The term of this lease shall be __________ months, such term to commence on __________ (date), and to terminate on __________ (date), unless otherwise terminated as provided in this lease.

 

SECTION THREE

RENT

 

In consideration for the leasing of the above-described property, lessee agrees to pay to lessor as rent for such property the sum of ____________ Dollars ($___________) per month, the first payment of which rent is payable on or before ___________ (date), and each subsequent payment of which is payable on or before the __________ day of each month thereafter, during the entire term of the lease. Such payments shall be made at lessors address as set out in Section One of this lease.

 

SECTION FOUR

MAINTENANCE AND REPAIR

 

Lessee shall exercise due care in the use and maintenance of the leased property, keeping it in good repair and in a condition equivalent in all respects to that in which it was received by lessee, normal wear and tear excepted.

 

SECTION FIVE

ASSIGNMENT OR SUBLEASE

 

Lessee will not assign this lease or sublet the leased property unless the written consent of lessor to such assignment or sublease is first obtained.

 

SECTION SIX

DEFAULT

 

If lessee shall be in default of any of the rental payments, when the payments shall become due and payable as provided in this agreement, or shall remove or attempt to remove the leased property from _______________ without first obtaining the written consent of lessor, lessor shall, at his or her option, terminate this lease and lessees right to possession of the leased property, and lessor shall then without demand on or notice to lessee take possession of such leased property.

 

SECTION SEVEN

INSPECTION BY LESSOR

 

Lessor shall at all times during lessees business hours have the right to enter on the premises where the leased property is located for the purpose of inspecting the property.

 

SECTION EIGHT

RETURN OF PROPERTY

 

On expiration or earlier termination of this lease, lessee shall return, the leased property to lessor in good repair, ordinary wear and tear resulting from proper use of the property excepted.

 

SECTION NINE

INDEMNITY

 

Lessee will indemnify lessor against, and hold lessor harmless from, all claims, actions, proceedings, damages, and liabilities, including attorneys fees, arising from or connected with lessees possession, use, and return of the leased property.

 

SECTION TEN

APPLICABLE LAW

 

This lease and the construction of the lease will be governed by the laws of the State of __________.

 

SECTION ELEVEN

NOTICES

 

Any notices to be given under this lease shall be given by mailing the notices to lessor at _______________________________ (address), City of __________ State of __________, and to lessee at _________________________________________ (address), City of __________ State of __________.

 

 

 

 

Dated __________.

 

 

_____________________________________________

Signature

 

 

_____________________________________________

Signature