This agreement, made and entered into this date of ___________________________ by and between ___________________________________ of _______________________ hereinafter called LESSOR, and _____________________________________________ of _________________________________ hereinafter called LESSEE.
In consideration of the payments and rentals hereinafter provided for and of the terms and conditions hereof, the Lessor hereby agrees to lease to the Lessee, and the Lessee hereby agrees to lease from the Lessor, the following described equipment belonging to the Lessor:
MAKE MODEL DESCRIPTION RATE
Above equipment to be used in operations at the following described location:
PAYMENT:
A. If this equipment is leased on a monthly basis, the Lessee agrees to pay for use of the equipment rental as follows:
Rs._________ payable with order and covering first month’s rental, receipt of which is hereby acknowledged by Lessor, and the balance payable in advance on the ________ day of each month in _______instalments of Rs._________ each and commencing with the date of _______________________.
B. If this equipment is leased on an acreage, ton, mileage or any basis other than time, rental under this lease shall be payable Rs._________ with order plus deposit of Rs.____________, receipt of which is hereby acknowledged by Lessor, and the balance of Rs.______________ due and payable_________________________________.
C. If this equipment is leased on a quarterly or seasonal basis, the Lessee agrees to pay a total of Rs.___________________in rental as follows: Rs._________________ payable with order, receipt of which is hereby acknowledge by Lessor, and the balance payable in____________ instalments of Rs._______________each due and payable on _______________________________.
Rental payments shall be made to Lessor.
By signing this lease, Lessee agrees to the terms and conditions set forth on this contract. Any different or additional terms whether written or otherwise are hereby objected to and shall have no legal force or applicability whatsoever.
LESSEE:____________________________ LESSOR:_______________________________
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