Car Lease Agreement Template

VEHICLE LEASE AGREEMENT

PARTIES
- This Vehicle Lease Agreement (hereinafter referred to as the “Agreement”) is entered into
on ________________ (the “Effective Date”), by and between
________________________, with an address of ________________ (hereinafter referred
to as the “Lessor”) and ________________with an address of ________________
(hereinafter referred to as the “Lessee”) (collectively referred to as the “Parties”).

- Whereas, the Parties agree that this Agreement is solely a lease-only agreement and that
the Lessee will not be entitled to any other interest except for the vehicle’s usage as
indicated in this Agreement.
VEHICLE SPECIFICATIONS
- The Parties agree that the below specifications of the vehicle are accurate and up to date.

Make
Model
Body Type
Body Color
Year
Miles/Kilometers
Vehicle Identification Number
Other
PAYMENT AND PAYMENT TERMS

- The Parties agree that the leasing price of the vehicle will amount to $________________.
- The Parties further agree that the preferred method of payment is ________________.
- The refundable security deposit amounting to $________________ will be paid to the lessor
on the day of signing this Agreement.
AGREEMENT DURATION
- The Parties agree that this Agreement will begin on ________________ and will remain in
full force until ________________ unless an addendum to this Agreement is provided by the
Parties agreeing on different terms.
VEHICLE USAGE
- The Parties agree that the usage of the vehicle will only be personal and not for any other
purposes.
LATE RETURN
- In case of late return of the vehicle by the Lessee, the Parties agree that an amount of
$________________ will be paid to the Lessor for every day that is beyond the end of the
lease period.
WARRANTIES AND GUARANTEES
The Lessor warrants the following:
- He/she is fully entitled and authorized to lease the vehicle.
- The vehicle is leased free of any encumbrances, legal claims, court orders and/or liens.
- The vehicle is fully/partially insured.
- The vehicle does not possess any damage requiring repairs amounting to more than
$________________.
- The vehicle does not possess any orders for inspection.
- To solely lease the vehicle to approved drivers.
- Not to request the return of the vehicle unreasonably.

The Lessee warrants the following:
- To pay the full costs of fuel.
- Not to take the vehicle out of the region unless a written consent is obtained from the Lessor.
- To return the vehicle upon the conclusion of the leasing period.
- Not to operate the vehicle when and if under the influence of alcohol or any other
intoxicating substances.
- To pay the Lessor the leasing amount in full.
- Not to sublease the vehicle.
LIABILITY
- Under no circumstances will the Parties be liable for any indirect, special, consequential, or
punitive damages arising out of and/or relevant to this Agreement or the transactions the
Agreement contemplates. This is in case such is not related to the direct result of one of the
party’s negligence or breach.
DISPUTE RESOLUTION
- Any dispute and/or difference arising out of or related to this Agreement will be submitted to
________________ (Arbitration/mediation/negotiation) according to, and subject to the laws
of ________________.
GOVERNING LAW
- This Agreement will be governed by and construed according to the laws of
________________.
ENTIRE AGREEMENT
- This Agreement is complete and with respect to the subject matter herein, supersedes all and
any prior agreements, understandings, and conditions, expressed or implied, written or oral,
of any nature with respect to the subject matter herein.
- The expressed terms control and supersede any course of performance and/or usage of the
trade inconsistent with any of the terms herein.
SEVERABILITY
- In an event where a provision of this Agreement is found to be void and/or unenforceable by
a court of competent jurisdiction, then the provisions remaining will continue to be enforced.
SIGNATURE AND DATE

- The Parties hereby agree to the terms and conditions set forth in this Agreement and such is
demonstrated throughout their signatures below:
LESSOR LESSEE
_______________________________ _______________________________
DATE DATE
_______________________________ _______________________________

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VEHICLE LEASE AGREEMENT

PAYMENT AND PAYMENT TERMS

- The vehicle does not possess any orders for inspection.

- To solely lease the vehicle to approved drivers.

- Not to request the return of the vehicle unreasonably.

- To pay the Lessor the leasing amount in full.

- Not to sublease the vehicle.

SIGNATURE AND DATE

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