A commercial vehicle lease contract is that type of a contract which is framed when the owner of a certain vehicle agrees to put that vehicle on commercial lease for certain duration of time and in return for a certain fixed sum of money. Such contracts consist of the details of the parties, the vehicle and the legally binding terms and conditions that are mutually decided and agreed upon by the involved parties. If you are looking for a reference contract, then the following given sample shall be very useful for you.

Sample Commercial Vehicle Lease Contract:

This is a commercial vehicle lease contract that has been made effective on 17th June 2012

Termination date of contract: 17th Dec 2012

Effective period: 6 months

The details of the parties are given as follows.

LESSOR DETAILS:

Name: Mr. Greg Mathews

Residential address: S-56, third floor, Peter enclave, London

Contact number: 4034209473

LESSEE DETAILS:

Name: Mr. Fred Billy

Residential address: A-78, fifth floor, J Street, London

Contact number: 4093409342

Details of vehicle:

Model: F-Swift

Truck name: Maddy Trucks

Color: brown

Total lease amount: $1800

Total lease amount per month: $300

TERMS AND CONDITIONS:

  • The LESSOR agrees to put the vehicle on lease for a period of 6 months.
  • The LESSEE agrees to pay the lease amount within the first week of each month to the LESSOR in cash.
  • The LESSEE is not allowed to take the vehicle out of the Country without the permission of the LESSOR.
  • The LESSEE cannot use the vehicle for any purpose other than commercial.
  • The LESSEE shall pay for the gas of the vehicle on his own.
  • The LESSEE shall be responsible for the repair and servicing of the vehicle.
  • The LESSOR can demand to inspect the vehicle anytime during the contract term.

Signatures:

Greg Mathews

Fred Billy

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