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CAR RENTALS AGREEMENT
This Vehicle Rental Agreement (hereinafter referred to as the “Agreement”) is entered into as of
_________________ by and between ________________________, with a mailing address of
________________________________________________ _____________________________________
(hereinafter referred to as the “Owner”) and ________________________, with a mailing address of
____________________ ____________________________________
(hereinafterreferredtoasthe“Renter”), collectively referred to as the “Parties,” both of whom agree to be
bound by this Agreement.
1. Vehicle Being Rented. The Owner agrees to rent the following vehicle to the Renter:
_____________________ _____________________ _____________________
Make _________________________________
Model
Body Year
_________________________________ VIN
_____________________________________________________________________
_____________________________________________________________________
_____________________________________________________________________
Additional information hereinafter referred to as the “Vehicle”.
2. Rental Amount. The amount of the Vehicle Rental is ₱____________________ per
________________.
3. Vehicle Cost Disclosure. The full retail value of the Vehicle as of ____________ is $
₱____________________.
4. Down Payment. The Renter will provide a down payment of ₱____________________, which will be
deducted from the amount to be paid over the term of the Rental.
5. Rental Duration. This Agreement will begin on _____________________ and remain in full force and
effect until the Vehicle is returned to the Owner. It is agreed that the Renter will return the Vehicle on
_____________________ unless the Agreement is terminated earlier.
6. Damage or Loss.As permitted given the extent of the law, the Renter will be responsible for risk of
theft, damage, loss, or destruction of the Vehicle from any and every cause. If while in the Renter's
possession the Vehicle becomes damaged, the Renter agrees to pay for any and all costs of repair, up to
the current value of the Vehicle. If while in the Renter's possession, the Vehicle becomes lost, the Renter
agrees to pay the Owner its current value.
7. Late Return. If the Vehicle is returned to the Owner after the date and time that the Rental period
ends, the Renter agrees to pay the Owner a charge of ₱1,700 per day for each day beyond the end of
the rental period, until the Vehicle is returned. The Owner is also allowed to subtract these charges from
the security deposit (if applicable).
8. Security Deposit. In addition to the fees listed in the Rental Amount and Late Return, The Renter
agrees to pay a deposit of ₱500 at the time this Agreement is signed. The Owner may use this deposit to
cover any amounts due under this Agreement.
9. Insurance.Insurance coverage is required for the Vehicle under this Agreement. 10. Vehicle
Responsibility. The Renter agrees that they will be the sole operator of
the Vehicle over the term of the Rental, unless otherwise agreed upon with the Owner.
11. Vehicle Care. It is agreed that the Vehicle must only be used in a proper and careful manner
consistent with the Owner's instructions and/or as the Vehicle was originally designed.
12. Legal Fees. In the event of a dispute resulting in legal action, the successful party will be entitled to
its legal fees, including, but not limited to its attorneys’ fees, collection fees and the like.
13. Legal and Binding Agreement. This Agreement is legal and binding between the Parties as stated
above. The Parties each represent that they have the authority to enter into this Agreement.
14.Entire Agreement. The Parties acknowledge and agree that this Agreement represents the entire
agreement between the Parties. In the event that the Parties desire to change, add, or otherwise modify
any terms, they shall do so in writing to be signed by both parties.
The Parties agree to the terms and conditions set forth above as demonstrated by their signatures as
follows:
OWNER RENTER
Name: ______________________ Name: ______________________ Signed: _____________________
Signed: _____________________ Date: _______________________ Date: _______________________
