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Lease
This lease of __________(1)__________________, made
_______(2)_____________, by and between __________(3)____________, whose address is
__________(4)_________, hereinafter called Lessor, and __________(5)_____________, whose
address is
__________(6)____________, hereinafter called Lessee,
Witnesseth:
1. That Lessor hereby leases to Lessee, and Lessee leases from Lessor,
subject to the terms and conditions herein set forth, the following (hereinafter sometimes
referred to as the "Property"):
Make and Model Manufacturer's Serial No. Registration No.
Together with all equipment and accessories attached thereto or used in
connection therewith including the following:
___(7)______________________________________________________
All of which are included in the term Property as used herein. Lessee
hereby acknowledges delivery and acceptance of the aforesaid Property upon the terms and
conditions of this lease.
2. Lessor hereby leases to Lessee said Property for the purpose of
_____(8)____________.
3. The term of this lease is ______(9)____________, beginning this day
and ending _________(10)______________.
4. In consideration of said lease, Lessee covenants and agrees as
follows:
(a) To pay to Lessor for the possession and use of said Property for
the purpose aforesaid, _____(11)____ dollars ($_________), payable as follows:
____________(20)___________.
(b) To safely keep and carefully use the Property and not sell or
attempt to sell, remove or attempt to remove, the same or any part thereof, except
reasonably for the purpose aforesaid.
(c) Lessee shall, during the term of this lease and until return and
delivery of the Property to Lessor, abide by and conform to, and cause others to abide by
and conform to, all laws and governmental and airport orders, rules and regulations,
including any future amendments thereto, controlling or in any manner affecting operation,
use or occupancy of said Property or use of airport premises by said Property.
(d) Lessee shall pay all taxes, assessments and charges on said
Property or its use during the time he is in possession of the same, imposed by federal,
state, municipal or other public, or other authority; save Lessor free and harmless
therefrom; and to these ends reimburse Lessor on a pro rata basis for such taxes or
charges paid by Lessor hereto or hereafter.
(e) Lessee accepts the Property in its present condition, and during
the term of this lease and until return and delivery of the Property Lessor the Lessee
shall maintain it in its
present condition, reasonable wear and tear occurring despite standards of good
maintenance of Property excepted, and shall repair at his own expense any damages to said
Property caused by
operation or use by lessee or by others during the term of this lease and until delivery
of the Property to Lessor.
(f) Neither Lessee nor others shall have the right to incur any
mechanic's or other lien in connection with the repair, maintenance or storage of said
Property, and Lessee agrees that
neither he nor others will attempt to convey or mortgage or create any lien of any kind or
character against the same or do anything or take action that might mature into such a
lien.
(g) Lessee shall be responsible and liable to Lessor for, and indemnify
Lessor against, any and all damage to the Property, which occurs in any manner from any
cause or causes
during the term of this lease or until return and delivery of the Property to Lessor.
Lessee shall be responsible and liable for, indemnify Lessor against, hold Lessor free and
harmless from any
claim or claims of any kind whatsoever for or from, and promptly pay any judgment for, any
and all liability for personal injuries, death or property damages, or any of them, which
arise or in any
manner are occasioned by the acts or negligence of Lessee or others in the custody,
operation or use of, or with respect to, said Property, during the term of this lease or
until return and delivery of the Property to Lessor.
(h) Lessee will keep insured from and including this day until return
and delivery of the Property to Lessor, in such company or companies as Lessor shall
approve, according to
applicable standard forms of policy, and for the benefit of Lessor, (1) against loss or
damage from any cause or causes to the Property for the full value thereof in the amount
of one million dollars, and (2) against liability for personal injuries, death, or
property damages, or any of them, arising or in any manner occasioned by the acts or
negligence of Lessee or others in the custody, operation or use of, or with respect to
said Property, in the amount of one million dollars relative to personal injuries and/or
death and one million dollars relative to property damages.
(i) Lessee shall return and deliver, at the expiration of the term
herein granted, the whole of said Property to the Lessor in as good condition as the same
is, reasonable wear and
tear excepted.
(j) It is mutually agreed that in case Lessee shall violate any of the
aforesaid covenants, terms and conditions Lessor may at his option without notice
terminate this lease and take
possession of said Property wherever found.
WITNESSES
___________(13)________________ ____________(14)______________
LESSOR
___________(13)________________
___________(13)________________ ____________(15)______________
LESSEE
___________(13)________________
NOTICE
The information in this document is designed to provide an outline that
you can follow when formulating business or personal plans. Due to the variances of many
local, city, county and state laws, we recommend that you seek professional legal
counseling before entering into any contract or agreement.
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