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