If you are looking to lease a bus for your business or organization, it is important to have a bus lease agreement in place. A bus lease agreement is a legal contract that outlines the terms and conditions of the lease, including the lease start and end dates, the rental fee, and any other important details related to the use of the bus.
To help you get started, we have provided a bus lease agreement sample below. This sample agreement covers some of the basic terms and conditions that you should consider when drafting your own bus lease agreement.
BUS LEASE AGREEMENT SAMPLE
This Bus Lease Agreement (the “Agreement”) is made and entered into by and between [Lessor Name], hereinafter referred to as “Lessor,” and [Lessee Name], hereinafter referred to as “Lessee,” on [Date of Agreement].
1. LEASED VEHICLE
Lessor hereby leases to Lessee the following vehicle:
Make: [Make]
Model: [Model]
Year: [Year]
License Plate No.: [License Plate No.]
Vehicle Identification No.: [VIN No.]
2. LEASE PERIOD
The lease period for the vehicle shall begin on [Start Date] and shall end on [End Date].
3. RENTAL FEE
Lessee shall pay Lessor a rental fee of [Rental Fee] per [Lease Period] in advance on or before the [Due Date] of each [Lease Period]. In the event the rental fee is not paid on the due date, a late fee of [Late Fee Amount] shall be assessed.
4. USE OF THE VEHICLE
The vehicle shall be used solely for the purposes of [Describe Purpose]. The vehicle shall not be used for any other purpose without the prior written consent of Lessor.
5. INSURANCE
Lessee shall maintain liability insurance with a minimum limit of [Insurance Limit] for any and all driver(s) of the vehicle during the lease period. Lessee shall provide Lessor with proof of insurance prior to taking possession of the vehicle.
6. MAINTENANCE AND REPAIR
Lessee shall be responsible for all routine maintenance and repairs to the vehicle during the lease period, including oil changes, tire rotations, and any other necessary repairs. Lessee shall maintain the vehicle in good condition, reasonable wear and tear excepted.
7. RETURN OF VEHICLE
At the end of the lease period, Lessee shall return the vehicle to Lessor in the same condition as it was received, reasonable wear and tear excepted.
8. TERMINATION
Lessor may terminate this Agreement in the event of a breach of any of the terms and conditions set forth herein.
9. ASSIGNMENT
Lessee may not assign or transfer this Agreement without the prior written consent of Lessor.
10. ENTIRE AGREEMENT
This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, understandings, and agreements between the parties.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
Lessor:
[Name and Signature]
Lessee:
[Name and Signature]
CONCLUSION
A bus lease agreement is an essential document that protects both the lessor and lessee during the lease period. By using this sample agreement as a guide, you can create a thorough and comprehensive lease agreement that covers all the important details of your bus lease. Remember, it is crucial to consult with a lawyer to ensure that your agreement is legally sound and meets all local laws and regulations.