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Simple Vehicle Lease Agreement
"I need a Simple Vehicle Lease Agreement for leasing my 2024 Toyota Hilux to an individual tenant starting March 2025, with special conditions for off-road use and a mileage cap of 20,000 km per year."
1. Parties: Identifies and provides full details of the lessor and lessee, including legal names, addresses, and contact information
2. Background: Brief context explaining the purpose of the agreement and the parties' intentions
3. Definitions: Defines key terms used throughout the agreement for clarity and legal certainty
4. Vehicle Details: Comprehensive description of the leased vehicle including make, model, year, VIN, registration number, and current condition
5. Lease Term and Payments: Specifies the duration of the lease and detailed payment terms including amount, frequency, and method of payment
6. Vehicle Use and Restrictions: Outlines permitted use of the vehicle, mileage limits, and any restrictions on use or modification
7. Maintenance and Repairs: Details responsibilities for vehicle maintenance, servicing requirements, and repair procedures
8. Insurance Requirements: Specifies required insurance coverage and responsibilities for insurance costs
9. Termination: Conditions under which the lease can be terminated by either party and the consequences of termination
10. Return of Vehicle: Requirements for vehicle condition upon return and the return process
11. Governing Law: Confirms the agreement is governed by New Zealand law
12. Execution: Signing provisions and date of agreement
1. Assignment and Subletting: Include when the lessor wishes to explicitly address whether the lessee can transfer or sublet the vehicle
2. Purchase Option: Include when offering the lessee an option to purchase the vehicle at the end of the lease term
3. Additional Drivers: Include when additional drivers besides the lessee will be permitted to use the vehicle
4. Overseas Use: Include when there's a possibility of the vehicle being taken outside New Zealand
5. Commercial Use: Include when the vehicle may be used for business purposes
6. Early Termination Options: Include when offering specific provisions for early lease termination
7. GPS Tracking: Include when the vehicle is fitted with GPS tracking or telematics systems
1. Schedule 1 - Vehicle Condition Report: Detailed report of the vehicle's condition at the start of the lease, including photographs and noted damage
2. Schedule 2 - Payment Schedule: Detailed breakdown of all payments including lease payments, deposits, and other charges
3. Schedule 3 - Maintenance Schedule: Required maintenance intervals and responsibilities
4. Appendix A - Insurance Certificate: Copy of the insurance certificate and policy details
5. Appendix B - Vehicle Registration Documents: Copies of current vehicle registration and warrant of fitness
6. Appendix C - Approved Additional Drivers: List of additional approved drivers and their license details, if applicable
Authors
Commencement Date
Condition Report
Default
Deposit
Early Termination
Excess Mileage Charge
Expiry Date
Fair Wear and Tear
Insurance Policy
Lease Payments
Lease Period
Lease Term
Lessee
Lessor
Licensed Driver
Maintenance Schedule
Normal Business Hours
Payment Date
Permitted Use
Registration
Restricted Use
Return Location
Schedule of Payments
Security Deposit
Service Records
Term
Territory
Vehicle
Vehicle Documents
Vehicle Value
VIN
Warrant of Fitness
Working Day
Grant of Lease
Term
Payments
Security Deposit
Vehicle Use
Insurance
Maintenance and Repairs
Risk and Liability
Warranties
Default
Termination
Return of Vehicle
Assignment
Indemnification
Force Majeure
Dispute Resolution
Notices
Confidentiality
Entire Agreement
Severability
Governing Law
Variation
Privacy
Registration and Compliance
Representations
Costs
Automotive
Transportation
Fleet Management
Vehicle Leasing
Car Rental
Logistics
Corporate Services
Small Business
Construction
Delivery Services
Real Estate
Agriculture
Mining
Retail
Legal
Operations
Fleet Management
Procurement
Finance
Risk Management
Compliance
Administrative
Sales
Business Development
Logistics
Fleet Manager
Operations Manager
Procurement Manager
Legal Counsel
Contract Administrator
Risk Manager
Finance Manager
Business Development Manager
Vehicle Leasing Specialist
Compliance Officer
Administrative Assistant
Transport Manager
Logistics Coordinator
Sales Manager
Chief Financial Officer
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