Laptop For Rent

EQUIPMENT

The Owner and Renter agree to enter into a binding Agreement for the leasing of the Equipment. 

TERM

The lease period has a specified start and end date and time.

LEASE PAYMENTS

The Renter agrees to pay the Owner a one (1)-time payment to lease the Equipment during the Term. Such payment is due and payable at the execution of the Agreement. 

REFUNDABLE SECURITY DEPOSIT

A Security Deposit of AWG 100 is required and shall be paid by the Renter for any damage to the Equipment or losses incurred by the Owner during the term of the Agreement. In the absence of damage or loss, said deposit shall be returned to the Renter at the end of the Term.

LATE FEE PENALTY (RETURNING EQUIPMENT)

If the Renter does not return the Equipment at the end of the Term, Late Fee Penalty of AWG 25 shall be charged to the Renter for each day the Equipment is late (beyond the Term) and not returned to the Owner.

OWNERSHIP

Under the Agreement, the Equipment shall remain the property of the Owner and must be returned to the Owner in the same condition as the start of the Term.

INSURANCE    

Insurance for the Equipment by the Renter is Not Required. There is no insurance required to be obtained by the Renter under the Agreement for the Equipment. The Renter shall be fully responsible for any loss, damage, or destruction of the Equipment.

USE OF EQUIPMENT

The Renter agrees to use the Equipment for its intended use and legal purposes. Any use of the Equipment outside of its intended use or for unlawful purposes can result in the termination of the Agreement.

RENTER’S RESPONSIBILITY

It is the Renter’s responsibility to maintain the Equipment in accordance with industry standards during the Term. Any repairs, modifications, or damage caused to the Equipment, shall be the Renter’s responsibility. The Renter will be responsible for risk or theft, damage, loss, or destruction of the Equipment from any and every cause. If while in the Renter’s possession the Equipment becomes damaged, the Renter agrees to pay for any and all costs of repair, up to the current value of the Equipment. If while in the Renter’s possession, the Equipment becomes lost, the Renter agrees to pay the Owner its current value.

WARRANT

Owner warrants that the equipment functions in accordance with the manufacturers specifications. Owner is not responsible or liable for the failure of the equipment to perform the task for which it was rented by the Renter. Owner shall, at its own expense, repair or replace faulty equipment at the earliest possible time. Work carried out for causes other than hardware failure will be charged to the Renter.

DEFAULT

In the event of Default by the Renter, the Owner may terminate the Agreement and take possession of the Equipment without prejudice to any other remedies the Owner may have.

INDEMNIFICATION

The Renter shall indemnify and hold the Owner harmless from any loss, damage, or expense arising from the Renter’s possession, use, or misuse of the Equipment.

GOVERNING LAW

The Agreement shall be governed and construed in accordance with the laws of Aruba.