Who needs this Lease Agreement?
This Agreement is made between the Stutes Enterprise Systems company and a Lessee. Stutes Enterprise Systems leases the listed vehicles and/or equipment to the Lessee on the terms and conditions listed in the Agreement.
What is the Lease Agreement for?
This is a legal document which determines the vehicles and equipment ready for leasing and names the Lessor and the Lessee (Parties of the Agreement). The Agreement also contains information about the rental payment, conditions of operating the vehicle and equipment, rights and obligations of the Parties.
Which documents support the Lease Agreement?
The list of vehicles and/or equipment for leasing and the schedule of the rental payment should support this agreement.
Does the Lease Agreement have a validity period?
The Agreement will continue for the term specified in the attached schedule unless terminated earlier as provided in terms of the Agreement. As a rule, the Lessor sends the Lease Agreement to the Lessee for reading and consideration. If the Lessee agrees to the terms and conditions, the Lessee signs the Agreement. The Agreement is then signed by the Lessor and the specified vehicles and equipment are forwarded to the Lessee.
What information should be provided in the Lease Agreement?
The Agreements contain the following information:
- Name of the Lessor - Stutes Enterprise Systems, Inc. and its address
- Name and address of the Lessee
- Basic terms and conditions of the Agreement
- Obligations and rights of the Parties
The Lessor and the Lessee must sign the Lease Agreement and indicate the date of signing.
What do I do with the Lease Agreement after its signing?
The original copies of the signed and dated Lease Agreement are forwarded to the Parties or their attorneys and kept for their records. The Lease Agreement can be used during any disputes between the parties.