IOU for Borrowed Items
IOU for Borrowed Items (I OWE YOU)
1. Lender’s Information:
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Name: Catherine Mitchell
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Address: 123 Maple Street, Apt. 4B, Springfield, IL 62704
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Phone Number: 222 000 9999
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Email: janesmith@email.fict
2. Borrower's Information:
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Name: [YOUR NAME]
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Address: [YOUR COMPANY NAME]
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Phone Number: [YOUR COMPANY NUMBER]
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Email: [YOUR COMPANY EMAIL]
3. Description of Borrowed Items:
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Item 1: Drill (Model: XJ-300, Serial No. 456789)
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Item 2: Set of Wrenches (12-piece, Brand: ToolMaster)
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Item 3: Ladder (6-foot aluminum ladder, Brand: SafeStep)
4. Rental Terms:
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Date Borrowed: September 1, 2055
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Return Date: September 15, 2055
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Interest Rate: 2% per day
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Total Amount Due (including interest): $60.00
5. Terms and Conditions:
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The borrower agrees to return the items in the same condition as received.
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If the items are not returned by the specified date, additional interest will accrue at the rate of 2% per day.
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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
