1. The RENTER must provide evidence of full coverage insurance for the full value during the term of the rental at RENTER'S own cost and expense, otherwise a 15% insurance fee will be added. The RENTER shall keep the equipment in a good state of repair.
2. The RENTER shall pay the OWNER full compensation for replacement of equipmentmen lost, solen, or not returned. Any equipment rented, which is damaged and in need of repair must be put into the same condition it was in at the time of rental. The OWNER's invoice for replacement or repair is conclusive as to the amount RENTER, shall pay under this paragraph for repair or replacement.
3. The RENTER shall not remove the equipment from the address of the project or location shown as place of use of the equipment without prior written approval of the OWNER. The RENTER shall inform the OWNER upon demand of the exact location of the equipment while it is in the RENTER'S possession.
4. The equipment shall be delivered to the RENTER and returned to OWNER at the RENTER'S risk, cost and expense. If a periodic rental is charged by OWNER, rental charges are billed to the RENTER for each period or portions of the period from the time the equipment is delivered to RENTER until its returned. If a term rental rate is charged by OWNER, rental charges are billed to the RENTER for the full term even if the equipment is returned before the end of term. If the equipment is not returned during or at the end of the term, then the rental charges shall continue on a full-term basis for an additional term or portion thereof until equipment is returned.
5. The RENTER shall allow OWNER to enter RENTER'S premises where the rented equipment is stored or used at all times to locate and inspect the state and condition of the rented equipment. If the RENTER is in default of any of the terms and conditions of this agreement, the OWNER, and his agents, at the RENTER'S risk, cost and expense may at any time enter the RENTER's Premises where the rented equipment is stored or used at all times and recover the rented equipment.
6. The RENTER shall not pledge or encumber the rented equipment in any way. The OWNER may terminate this agreement immediately upon the failure of RENTER to make rental payments when due, or upon RENTER'S filing for protection from creditors in any court of competent jurisdiction.
7. The OWNER makes no warranty of any kind regarding the rented equipment, except that OWNER shall replace the equipment with identical or similar equipment if the equipment fails to operate in accordance with manufacture's specifications. Such replacement shall be made as soon as practicable after RENTER returns the non-conforming equipment.
8. The RENTER indemnifies and holds OWNER harmless for all injuries or damages of any kind for repossession and for all consequential and special damages for any claim or breach of warranty.
9. The RENTER shall pay all reasonable attorney and other fees, the expenses and cost incurred by OWNER in protecting its rights under this rental agreement and for any action taken by OWNER to collect any amounts due the OWNER under this rental agreement.
10. These terms are accepted by the RENTER upon delivery / pick up to the items listed above to the RENTER or the agent or other representatives of the RENTER. OWNER will have the tank full of fuel before the unit leaves OWNER'S shop. RENTER will fill the unit full of fuel before returning it to OWNER'S shop or charges to refuel will be applied. If you do not provide a copy of insurance, a 15% charge will be added to your bill.
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