Food Truck Lease Agreement
Food Truck Lease Agreement
This Food Truck Lease Agreement (“Agreement”) is made and entered into as of the [Insert Date], by and between [Your Company Name] (“Lessor”) and [Lessee’s Name] (“Lessee”). This Agreement outlines the terms and conditions under which the Lessor agrees to lease a food truck to the Lessee, allowing them to operate their food service business in a mobile format.
1. Parties
1.1 Lessor
Name: [Your Company Name]
Address: [Your Company Address]
Contact Information: [Your Company Email] / [Your Company Number]
1.2 Lessee
Name: [Lessee’s Name]
Address: [Lessee’s Address]
Contact Information: [Lessee’s Email] / [Lessee’s Number]
2. Premises
The Lessor agrees to lease to the Lessee a food truck with the following specifications:
|
Description |
Details |
|---|---|
|
Make |
Chevro |
|
Model |
Transit |
|
Year |
2050 |
|
VIN |
1FTRX18L5LFA12345 |
|
License Plate |
FT-2050 |
The food truck is equipped with essential cooking appliances, refrigeration units, and a serving window. Additionally, the interior of the truck is designed to meet health and safety regulations applicable to food service establishments.
3. Term of Lease
The term of this lease shall commence on January 1, 2050, and shall continue for a period of two [(2)] years, terminating on December 31, 2051. Upon the expiration of this term, the Lessee may have the option to renew the lease for an additional period, subject to negotiation of new terms and conditions.
4. Rent
4.1 Monthly Rent
Lessee agrees to pay Lessor a monthly rent of [$1,200], which is due on the first day of each month. Timely payment is crucial for maintaining the lease and avoiding penalties.
4.2 Security Deposit
A security deposit of [$2,500] is due upon signing of this Agreement. This deposit is meant to cover any potential damages or unpaid rent. The Lessor agrees to refund this deposit upon termination of the lease, subject to an inspection of the food truck and the conditions stated in this Agreement.
5. Maintenance and Repairs
5.1 Maintenance
The Lessee shall be responsible for all routine maintenance and upkeep of the food truck during the lease term. This includes, but is not limited to:
-
Regular oil changes every [3,000] miles or [3] months, whichever comes first, to ensure the vehicle operates efficiently.
-
Tire rotations every [5,000] miles to prolong the life of the tires and maintain safety.
-
Regular cleaning of the truck’s exterior and interior to uphold the business’s image and comply with health regulations.
-
Replacement of any worn-out equipment, such as utensils or storage containers, to ensure safety and efficiency.
5.2 Repairs
The Lessor shall be responsible for any major repairs required due to normal wear and tear. The Lessee must notify the Lessor of any needed repairs within [7] days of discovery. Major repairs may include issues with the engine, transmission, or electrical systems. In the event of an emergency repair, the Lessee is authorized to address the issue immediately and will be reimbursed by the Lessor upon presentation of a valid invoice.
6. Use of Food Truck
The Lessee shall use the food truck exclusively for operating a food service business. The Lessee agrees not to use the truck for any illegal purposes or in violation of any local, state, or federal laws or regulations. The Lessee is required to comply with all health codes and regulations governing food safety, including obtaining the necessary permits and licenses for operation.
The food truck may only be parked in approved locations. The Lessee must ensure that all local zoning laws and parking restrictions are adhered to while conducting business.
7. Insurance
7.1 Liability Insurance
The Lessee shall obtain and maintain general liability insurance with a minimum coverage amount of [$1,000,000] per occurrence and [$2,000,000] in the aggregate. The Lessee shall provide proof of insurance to the Lessor before the commencement of this Agreement. This insurance must cover liability for any accidents, injuries, or damages that may occur during the operation of the food truck.
7.2 Indemnification
The Lessee agrees to indemnify and hold the Lessor harmless from any claims, losses, or damages arising from the Lessee’s use of the food truck. This includes any claims resulting from food-related illnesses, accidents, or property damage caused by the operation of the food truck.
8. Default
In the event of default by the Lessee, including failure to pay rent or violation of any terms of this Agreement, the Lessor may terminate this Agreement with [30] days written notice to the Lessee. Default may also include failure to maintain the food truck in good working condition or failure to comply with insurance requirements.
If the Lessee fails to rectify any breach of this Agreement within the notice period, the Lessor may take legal action to reclaim the food truck and any unpaid rent.
9. Governing Law
This Agreement shall be governed by and construed in accordance with the laws of the state of California. In the event of a dispute, both parties agree to seek resolution through mediation before pursuing legal action.
10. Miscellaneous
10.1 Entire Agreement
This Agreement constitutes the entire understanding between the parties and supersedes all prior negotiations, representations, or agreements. Any changes or modifications must be documented in writing and signed by both parties.
10.2 Amendments
Any amendments or modifications to this Agreement must be in writing and signed by both parties to be effective. No verbal agreements shall be recognized.
10.3 Severability
If any provision of this Agreement is found to be invalid or unenforceable, the remaining provisions shall continue in full force and effect. This ensures that even if part of this Agreement is not legally enforceable, the rest remains binding.
10.4 Assignment
The Lessee shall not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of the Lessor. Any unauthorized assignment may be considered a breach of this Agreement.
11. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Food Truck Lease Agreement as of the day and year first above written.
Lessor
[Your Company Name]
Name:
Title:
Date:
Lessee
Name:
Title:
Date:
