Car Rental Extension of Agreement
Car Rental Extension of Agreement
This Car Rental Extension of Agreement ("Extension Agreement") is entered into on [Date] by and between [Your Company Name], a [State] corporation, with its principal place of business at [Your Company Address] ("Company"), and [Customer Name], residing at [Customer Address] ("Renter"). The Company and Renter may each be referred to herein as a "Party" or collectively as the "Parties."
WHEREAS, the Parties entered into a Car Rental Agreement dated [Original Agreement Date] ("Original Agreement") for the rental of a vehicle described therein;
WHEREAS, the Parties now desire to extend the rental period and modify certain terms of the Original Agreement;
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein, the Parties agree as follows:
I. Original Agreement Reference
A. Original Agreement Date: The Original Agreement was entered into on [Original Agreement Date].
B. Agreement Number/Reference: The reference number of the Original Agreement is [Agreement Number/Reference].
II. Extension Terms
A. New Rental Period: The rental period is hereby extended for an additional [Number] days, commencing on [Extension Start Date] and ending on [Extension End Date].
B. Extension Start Date: The new rental period shall begin on [Extension Start Date].
C. Extension End Date: The extended rental period shall conclude on [Extension End Date].
III. Rental Fees and Payment
A. Additional Fees for Extension: The Renter agrees to pay an additional rental fee of $ [Amount] per day for the extended rental period. The total additional fee for the extension period is $ [Total Amount].
B. Payment Due Dates: The total additional fee for the extension period is due in full on [Payment Due Date]. Payment can be made using the same method as the original rental agreement or any other method mutually agreed upon by the Parties.
IV. Vehicle Condition and Maintenance
A. Responsibility for Vehicle Maintenance: The Renter is responsible for maintaining the vehicle in the same condition as it was at the commencement of the extension period, excluding normal wear and tear. Any damage incurred during the extension period will be the Renter’s responsibility.
B. Condition Check Before and After Extension: The Company will conduct a condition check of the vehicle before the start of the extension period and immediately after the vehicle is returned at the end of the extension period. The Renter agrees to cooperate with these inspections and sign the condition reports.
V. Insurance and Liability
A. Insurance Coverage During Extension Period: The Renter confirms that the insurance coverage specified in the Original Agreement remains in full force and effect during the extension period. The Renter is required to provide proof of insurance coverage upon request by the Company.
B. Liability Terms: The Renter acknowledges and agrees that they are liable for any damage, loss, or theft of the vehicle during the extension period, in accordance with the terms of the Original Agreement. The Renter shall indemnify and hold the Company harmless from any claims, damages, or losses arising during the extension period.
Signatures
IN WITNESS WHEREOF, the Parties hereto have executed this Extension Agreement as of the day and year first above written.
Renter
[Name]
[Title]
[Date]
Company
[Name]
[Title]
[Date]
