IOU for Borrowed Items (I OWE YOU)

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1. Lender’s Information:

• Name: Catherine Mitchell

• Address: 123 Maple Street, Apt. 4B, Springfield, IL 62704

• Phone Number: 222 000 9999

• Email: janesmith@email.fict

2. Borrower's Information:

• Name: [YOUR NAME]

• Address: [YOUR COMPANY NAME]

• Phone Number: [YOUR COMPANY NUMBER]

• Email: [YOUR COMPANY EMAIL]

3. Description of Borrowed Items:

• Item 1: Drill (Model: XJ-300, Serial No. 456789)

• Item 2: Set of Wrenches (12-piece, Brand: ToolMaster)

• Item 3: Ladder (6-foot aluminum ladder, Brand: SafeStep)

4. Rental Terms:

• Date Borrowed: September 1, 2055

• Return Date: September 15, 2055

• Interest Rate: 2% per day

• Total Amount Due (including interest): $60.00

5. Terms and Conditions:

• The borrower agrees to return the items in the same condition as received.

• If the items are not returned by the specified date, additional interest will accrue at the rate of 2% per day.

• The borrower is responsible for any damage to the items or loss, and agrees to compensate the lender accordingly.

6. Signature:

Catherine Mitchell

Lender

[YOUR NAME]

Borrower

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