This Equipment Rental Agreement ('Agreement') is entered into between Mequon Rentals ('Owner') and Renter ('Renter').
1. EQUIPMENT RENTEDThe Owner agrees to rent the [EQUIPMENT] below to the Renter.
2. RENTAL PERIODThe rental period begins on [START DATE] and ends on [END DATE], or at a time mutually agreed upon by both parties in writing.
3. RENTAL FEESThe Renter agrees to pay the Owner a rental fee at the specified rate, plus applicable taxes and fees. All payments are due before the equipment is released.
4. SECURITY DEPOSITA refundable security deposit of $1000.00 is required prior to taking possession of the equipment. This deposit will be refunded, less any deductions for damages or late return fees, within 7 business days after the equipment is returned and inspected by the Owner.
5. EQUIPMENT CONDITION AND INSPECTIONThe Renter acknowledges that they have inspected the equipment and agree that it is in good working condition at the time of rental. Renter agrees to return the equipment in the same condition, normal wear and tear excepted.
6. EQUIPMENT USEThe Renter agrees to use the equipment in a careful, lawful, and proper manner. The equipment must be operated in compliance with all relevant laws, safety regulations, and manufacturer guidelines. The Renter is responsible for ensuring that the operator is properly trained and licensed to operate the rented equipment.
7. MAINTENANCE AND REPAIRSThe Renter is responsible for the maintenance and care of the equipment while it is in their possession. The Renter must immediately notify the Owner of any damage, malfunction, or needed repairs. The Renter is responsible for any repairs or damages resulting from improper use or negligence.
8. DAMAGE OR LOSSThe Renter is fully responsible for any damage, theft, or loss of the equipment during the rental period, regardless of cause. If the equipment is damaged or lost, the Renter will be liable for the full cost of repairs or replacement, including parts, labor, and transportation.
9. INSURANCEThe Renter agrees to maintain adequate insurance coverage for the equipment during the rental period. The Renter’s insurance policy must cover any loss, damage, or liability arising from the use or operation of the equipment. Proof of insurance may be required before the equipment is released.
10. LIABILITY AND INDEMNIFICATIONThe Renter agrees to indemnify, defend, and hold harmless Mequon Rentals, its owners, employees, and agents from any and all claims, liabilities, damages, or costs, including attorney’s fees, arising out of or in connection with the use, operation, transportation, or possession of the equipment. The Renter assumes all risks and liability for injuries, damages to property, or accidents involving the equipment. Mequon Rentals is not responsible for any direct, indirect, or consequential damages resulting from the equipment’s use.
11. RETURN OF EQUIPMENTThe Renter agrees to return the equipment on or before the agreed return date and in the same condition as when received, less ordinary wear and tear. Late returns will incur additional rental charges at the rate of $500.00 per day.
12. RELEASE OF LIABILITYThe Renter agrees to release Mequon Rentals from any and all liability, claims, demands, or actions arising from injuries, damages, or losses to persons or property that may occur during the rental period. The Renter acknowledges and accepts the inherent risks associated with the operation and transportation of heavy equipment and assumes full responsibility for those risks.
13. GOVERNING LAWThis Agreement shall be governed by and construed in accordance with the laws of the State of Wisconsin.
14. ENTIRE AGREEMENTThis Agreement constitutes the entire agreement between the parties and supersedes all prior discussions, agreements, or understandings of any kind.
15. SEVERABILITYIf any provision of this Agreement is held to be unenforceable or invalid, the remaining provisions shall continue in full force and effect.
16. SIGNATURESBy signing below, the Renter acknowledges that they have read, understood, and agree to the terms and conditions of this Agreement.
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