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Vehicle Lease Agreement With Option To Purchase
"I need a Vehicle Lease Agreement with Option to Purchase for a fleet of 5 electric delivery vans, with a 36-month lease term starting March 2025, including maintenance package and early purchase option after 24 months, compliant with Dutch law for commercial use."
1. Parties: Identification of the lessor and lessee with full legal names and addresses
2. Background: Context of the agreement and brief description of the parties' intentions
3. Definitions: Definitions of key terms used throughout the agreement
4. Vehicle Description: Detailed description of the leased vehicle including make, model, year, VIN, and condition
5. Lease Term and Delivery: Duration of the lease and provisions for vehicle delivery and acceptance
6. Lease Payments: Payment terms, amounts, due dates, and payment methods
7. Purchase Option: Terms and conditions of the purchase option, including price calculation and exercise procedure
8. Use of Vehicle: Permitted use, territorial limits, and usage restrictions
9. Maintenance and Repairs: Responsibilities for vehicle maintenance, repairs, and servicing
10. Insurance Requirements: Required insurance coverage and responsibilities
11. Return of Vehicle: Conditions and procedures for vehicle return if purchase option not exercised
12. Default and Remedies: Events of default and available remedies for both parties
13. Termination: Conditions and procedures for early termination
14. Governing Law: Specification of Dutch law as governing law and jurisdiction
15. Signatures: Execution provisions and signature blocks
1. Sublease Provisions: Include when sublease of the vehicle is to be permitted under specific conditions
2. Cross-Border Use: Include when vehicle will be regularly used outside the Netherlands
3. Commercial Use Provisions: Include when vehicle is intended for commercial/business use
4. Co-Signer Requirements: Include when a co-signer or guarantor is involved
5. Early Purchase Option: Include when early exercise of purchase option is to be permitted
6. Modification Restrictions: Include when specific restrictions on vehicle modifications are needed
7. Additional Driver Authorization: Include when additional authorized drivers need to be specified
1. Schedule 1 - Vehicle Specification: Detailed technical specifications and equipment list
2. Schedule 2 - Initial Vehicle Condition Report: Documented condition of vehicle at delivery including photographs
3. Schedule 3 - Payment Schedule: Detailed breakdown of all payments including lease payments and purchase option price
4. Schedule 4 - Insurance Requirements: Detailed insurance specifications and minimum coverage requirements
5. Schedule 5 - Maintenance Schedule: Required maintenance intervals and procedures
6. Appendix A - Fair Wear and Tear Guide: Guidelines for acceptable vehicle condition upon return
7. Appendix B - Return Condition Checklist: Checklist for vehicle return inspection
8. Appendix C - Authorized Service Centers: List of approved maintenance and repair facilities
Authors
Additional Drivers
Authorized Service Center
Base Lease Payment
Business Day
Commencement Date
Condition Report
Default
Early Purchase Option
Early Termination
Excess Mileage
Excess Wear and Tear
Exercise Notice
Exercise Period
Fair Market Value
Fair Wear and Tear
Force Majeure
Insurance Requirements
Lease Payment Date
Lease Payment
Lease Period
Lease Term
Lessee
Lessor
Maintenance Schedule
Maximum Mileage
Option Price
Option to Purchase
Parties
Purchase Date
Purchase Option Notice
Purchase Option Period
Purchase Price
Regular Maintenance
Residual Value
Return Condition
Return Location
Scheduled Maintenance
Security Deposit
Service History
Termination Date
Total Loss
Vehicle
Vehicle Documents
Vehicle Registration
Vehicle Return
VIN
Assignment
Authority and Capacity
Condition Precedent
Confidentiality
Default
Dispute Resolution
Early Termination
Entire Agreement
Events of Default
Force Majeure
Governing Law
Indemnification
Insurance
Intellectual Property
Lease Payments
Liability
Maintenance and Repairs
Notices
Option to Purchase
Payment Terms
Permitted Use
Registration and Licensing
Representations and Warranties
Return Conditions
Risk and Title
Severability
Sub-leasing
Taxes and Fees
Term and Duration
Termination
Use Restrictions
Vehicle Condition
Vehicle Description
Vehicle Inspection
Vehicle Maintenance
Vehicle Registration
Vehicle Return
Waiver
Automotive
Financial Services
Leasing Services
Fleet Management
Transportation
Business Services
Logistics
Corporate Services
Retail (for consumer leases)
Manufacturing
Legal
Finance
Procurement
Operations
Risk Management
Compliance
Sales
Commercial
Credit
Documentation
Fleet Management
Asset Management
Fleet Manager
Legal Counsel
Finance Manager
Procurement Manager
Contract Administrator
Risk Manager
Compliance Officer
Operations Manager
Business Development Manager
Asset Manager
Financial Controller
Sales Manager
Commercial Director
Credit Manager
Documentation Specialist
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