A car lease contract is a written document prepared by different dealers and finance companies whereby a car is leased to the customer for which he pays a rent and agrees to certain terms and conditions. The customer gets the right to drive a car which is owned by someone else but he is responsible for the maintenance of the car and has to pay for any damage.
Sample Car Lease Contract:
This lease made and entered on April 20, 2011 between Fast Cars Group, hereinafter referred to as “Lessor”, and Paul Norman, hereinafter referred to as “Lessee.”
The lessor hereby leases the car number AXA8753, a Toyota Prius, to the lessee who agrees to drive the car in the best interests of the lessor and safety of the general public.
The lessee shall agree to the state rules and driver’s license requirements set by the government.
The term of the car lease contract shall be for 6 months, commencing from April 20, 2011 to October 20, 2011, unless the contract is cancelled by either the lessor or lessee with 2 weeks’ advance notice.
The lessee agrees to pay the lessor a sum of $300 per month for using the car and also agrees to pay the costs of maintenance, repairs, insurance during the lease period.
The lessee agrees to take full responsibility for maintaining the good condition of the car, its cleanliness and regular servicing.
Both parties understand and agree to the above terms and conditions.
Signature: Fast Cars Group
Signature: Paul Norman
Witness: Joana Norman