Rental_Agreement_Form_Blank_2013x Rental_Agreement_Form Rental Agreement Form
User Manual: Rental_Agreement_Form
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A G R E E M E N T NAME: _______________________ COMPANY: _______________________ ADDRESS: _______________________ _______________________ DATE: _______________________ SUBJECT: Rental/Loaner Agreement 7901 Beechcraft Ave. Suites M & N Gaithersburg, Maryland 20879 Phone: (301) 527-9200 Fax: (301) 527-9203 www.nscainc.com NSCA Technology is pleased to provide you with rental equipment. This document provides the standard terms and conditions for our rental and loaner equipment. Thank you for giving us this opportunity to assist you. Sincerely, Neal Chaikin CTO & Owner NSCA Technology & Tra-Cal Lab _________________________________________ Rental Terms All rentals start the day of shipment to the Rentee and continue throughout the minimum term; and thereafter until return of the equipment to a “NSCA” Inventory Center, whether or not the period is covered by Rentee’s purchase order. Rental Rates The monthly rental rate is based upon the minimum term. Customer shall not have the right to cancel the rental of the equipment prior to expiration of said minimum term upon which a rental is based. Rental charges for fractional months, beyond the original terms, may be pro-rated. An interest charge of 2.5% a month will apply to all balances over 30 days. Shipments Delivery and freight charges are additional to Customer. Unless the Rentee gives “NSCA” written notice of each defect within two (2) days after receipt of a rented item, it shall be conclusively presumed that the item(s) was delivered in good condition. Returns All equipment, manuals and accessories shall be NSCA Technology returned to “NSCA” prepaid and insured. Any shipping or handling charges not prepaid will be billed back to Customer. Customer shall return equipment in good operating condition (normal wear and tear excluded) to: NSCA Technology 7901 Beechcraft Avenue Suites M & N Gaithersburg, MD 20879-1594 Warranties “NSCA” warrants that each piece of equipment rented meets manufacturer specifications during the course of the rental. Rental credit will be issued for any period an equipment piece does not meet this warranty if written notification is supplied within two (2) days of the start of such a period. Title / Ownership “NSCA” retains title to all rental equipment. The equipment shall remain the property of “NSCA” and is provided to Customer solely on a rental basis without any option to purchase unless such option is granted prior to the commencement of the rental Page 1 of 2 period and explicitly set forth in writing. Customers are precluded from altering, assigning, modifying, or encumbering in any way any instruments on rent from “NSCA.” Liability, Loss, Damage, Repairs The Rentee is responsible for loss of or damage to equipment from receipt until it is received or returned to “NSCA” Inventory Center. Loss of or damage to equipment will obligate the Rentee to replace or repair the equipment at his/her expense or remit the full fair market price to “NSCA.” It is understood that the rental fees will continue through the minimum rental term or until such replacement equipment or the replacement cost is received by “NSCA,” whichever is later. handling or selling of property. Company Name: ________________ Custodian: ____________________ ________________________________ Customer Signature ________________________________ Customer Name (Please Print) ________________________________ Title Default Upon default, “NSCA” may at their option , repossess, relet, or sell the equipment and sue for any loss or revenue deficiency permitted by law, with or without notice to Customer. Date: __________________________ Customer will allow “NSCA” to enter upon Customer’s premises to repossess or remove said property and such removal shall not constitute a termination of Customers’ obligation. Rental Period: ____________________ Equipment & serial # ________________________________ Monthly Rental Rate: Customer agrees to pay all costs and expenses, including attorney fees, incurred by “NSCA” in the repossession, reletting, releasing, transportation, NSCA Technology Page 2 of 2
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