PandaTip: This section treats z.B the owner in case the appliances are defective and the tenant loses production costs, time, materials, etc. The tenant cannot then sue the landlord for damage due to the defective equipment. ii. In all cases, at the owner`s choice, it is replaced either by other similar equipment, to which the contract applies, or to compensate the owner for any loss resulting from the loss or damage, a possible surplus and a possible defect found by the tenant. 12. RENEWAL OPTION. If the tenant is not late for the expiry of this tenancy agreement, the tenant has the option of renewing the tenancy agreement on a date similar to that agreed by the parties. (a) “the owner,” the company, the person or persons who lease the equipment and includes its successor. 4th CAUTION.
In addition to the rental fee, the tenant must pay a deposit of [WRITTEN DOLLAR AMOUNT] dollar ([NUMERIC DOLLAR AMOUNT]) before receiving equipment and at the time of signing this contract. This deposit is refunded to the tenant at the end of the agreement, subject to the possibility for the lessor to apply it in exchange for the costs or damages incurred. All amounts refunded to the tenant are paid at the time of termination of this equipment lease. The deposit is paid at an annual interest rate of [PERCENTAGE RATE] % of the payment date to the lessor until the day of repayment based on the total amount of the deposit. 20. SURVIVAL. All the conditions and provisions of this agreement, which by their very nature should survive termination, remain. b) The tenant does not cede his rights, without the prior agreement of the landlord in writing, or does not lend the equipment or part of it to third parties. 7. MAINTENANCE AND OPERATION. The device must be used and used with care and regularity.
Its use must comply with all laws, regulations and regulations relating to the possession, use or maintenance of the devices, including registration and/or licensing requirements, if any. iii. Compensate the owner for all claims against the owner and any damages, costs and expenses incurred by the owner as a result of a third party claim concerning the state, condition or use of the equipment or, in any way, its rental under this contract. This agreement begins and expires on . An extension agreement is established for the new term. We, the undersigned, have agreed that we have read this agreement and that we are bound by their terms and conditions. The landlord undertakes to make the following appliances available to the tenant, which are on the first page. A. The tenant must keep the property in good condition.B.
The tenant is responsible for all damage caused, which means that the tenant will cover all repair costs.C. The tenant is responsible for the loss of the equipment. The tenant agrees to pay for or replace the equipment.D. For changes.E. The tenant is required to return the equipment to good condition. (iii) any other expense incurred directly or indirectly by or in connection with the operation of the facility or equipment to a person, while the facility is in the possession or control of the tenant. 16. INDEMNITY.
The Tenant undertakes to compensate the lessor, its subsidiaries, related companies and senior executives concerned, representatives, partners and employees concerned in the event of losses, receivables, claims or threats, including costs incurred by the use of the equipment by the tenant, the functionality of the equipment or any violation of this agreement.