This lease of _______________________________, made
_______________________, by and between _________________________,
whose address is ______________________, hereinafter
called Lessor, and __________________________, whose
address is
_________________________, 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: ____________________________________________________________
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 ____________________.
3. The term of this lease is _____________________,
beginning this day and ending ___________________________.
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, _____________
dollars ($_________), payable as follows: ___________________________.
(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
_______________________________ ______________________________
LESSOR
_______________________________
_______________________________ ______________________________
LESSEE
_______________________________
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.
