Sample Text: (Formatting does not match the actually Forms)
Automobile Lease Agreement
THIS AUTOMOBILE ASSOCIATE LEASE AGREEMENT made this _____ day of ____________, 20 ___, by and BETWEEN:
2.4 Year Built:
2.5 Vehicle Identification Number (VIN):
2.6 Odometer Reading:
The Owner has agreed to Lease the vehicle to the Lessee.
The Lessee has undertaken to accept the obligation to make the payments due under this Lease during the term of the Lease
NOW THIS LEASE WITNESSES and the parties agree as follows:
This Lease shall commence on the _____ day of ____________, 20 ___, and shall continue until the _____ day of ____________, 20 ___, (‘the Term’) subject to early termination and herein provided and to be renewed thereafter by mutual negotiation between the Lessee and the owner.
The Owner hereby Leases the Vehicle to the Lessee for the Term.
The Lessee shall at all times during the Term pay to the owner the rent reserved by this Lease on the day and in the manner provided in this Lease. The total amount payable under this Lease is _______________________________________Dollars ($__________________), per month. The first payment shall be due on the commencement date of this agreement and the 1st day of every month thereafter. The first payment shall be prorated based on a calendar year of 365 days divided by the amount of days left in the commencement month.
Late Payment Fee: Your Minimum Payment Due will be past due if it is not received by us on or before the Payment Due Date listed above. A late charge of 10% of the payment with a minimum of $10.00 will be charged, if at least the Minimum Payment Due, including unpaid payments, is not received by us within 3 days after the Payment Due Date.
The Leesee will be responsible for all maintenance costs and running costs (including registration, insurance, repairs, oil and fuel, etc) of the Vehicle during the Term of this Lease. This Lease may be terminated by four week’s notice in writing from the Lessee.
The costs of incidental to the instructions for and the preparation, execution and notarization of this Lease and all other out goings payable in respect of this Lease shall be paid by the Lessee.
Applicable Law. The laws of the state of _____________________ shall be applied in construing this Lease regardless of where it is executed or where the Vehicle that is the subject matter of this Lease is located.
IN WITNESS WHEREOF, Buyer and Seller have executed, entered into and delivered this Agreement as of the date first set forth above.