A commercial vehicle lease agreement is a legal document which is drafted when an individual or an organization gives their vehicle on lease to another individual or organization for commercial use. This agreement protects the interest of both the parties and also acts as legal evidence in case of misunderstanding arising between both the parties.
Sample Commercial Vehicle Lease Agreement
This commercial vehicle lease agreement has been drafted as on this day of 15th May 2011 between Train Limited referred to as the lessor with office address located at:
41 Aspen High Road,
New York, New Jersey 5271.
and Harry Cloth Manufacturers referred to as the lessee with their company located at:
89 Lee Bee Road,
New York, New Jersey 5214.
As per the agreement, the lessor is giving its vehicle on lease to the lesse for commercial use.
Terms and conditions:
The lessee has to assure that the driver driving the vehicle has to be a trained driver holding a driving license.
The lessee will be making a monthly payment of $200 till the lease period is over.
The vehicle maintenance fee has to be paid by the lessee. In case if any damage is caused to the vehicle, it needs to be borne by the lessee.
Signature of the lessor: Signature of the lessee:
Tony Rob Henry Lee
(CEO, Train Limited) (CEO, Harry Cloth Manufacturers)