Free Furniture Store Rental Agreement Template
Furniture Store Rental Agreement
This Furniture Store Rental Agreement ("Agreement") is made effective as of [Date], by and between:
[Your Company Name]
Address: [Your Company Address]
Phone: [Your Company Number]
Email: [Your Company Email]
Website: [Your Company Website]
(hereinafter referred to as "Lessor")
AND
[Customer Name]
Address: [Customer Address]
Phone: [Customer Phone Number]
Email: [Customer Email]
(hereinafter referred to as "Lessee")
WHEREAS, the Lessor is engaged in the business of renting furniture and related products, offering a wide variety of high-quality items tailored to meet the diverse needs of individuals and businesses; and
WHEREAS, the Lessee desires to rent certain furniture items from the Lessor for personal or business use, having reviewed the available options and terms, and is prepared to adhere to the conditions set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual promises contained herein, the parties agree as follows:
I. Rental Items
A. The Lessor agrees to rent to the Lessee, and the Lessee agrees to rent from the Lessor, the following items ("Rental Items"):
Item Description |
Model |
Condition |
Monthly Rental Price |
Quantity |
---|---|---|---|---|
Elegant three-seater sofa in navy blue fabric with wooden legs, designed for comfort and style, ideal for living rooms or lounges. |
XYZ Sofa |
New |
$[150] |
[1] |
Solid oak dining table with a natural finish, comfortably seats six people, perfect for family meals or gatherings, adding warmth to any dining space. |
ABC Dining Table |
Like New |
$[120] |
[1] |
Modern queen-size bed frame in white with a comfortable memory foam mattress, includes headboard and footboard, ensuring a restful night's sleep. |
DEF Queen Bed |
New |
$[100] |
[1] |
Stylish round coffee table in tempered glass with a chrome base, adds a contemporary touch to any living room, perfect for displaying books and decor. |
GHI Coffee Table |
New |
$[50] |
[1] |
Sleek, ergonomic office desk with built-in storage and a modern design, suitable for any workspace, promoting productivity and organization. |
JKL Office Desk |
Like New |
$[75] |
[1] |
B. The total monthly rental payment for all Rental Items listed above is $[495]. The Lessee acknowledges that the Rental Items are the property of the Lessor and shall remain so during the term of this Agreement. The Lessee agrees to utilize the Rental Items solely for their intended purpose and in accordance with any provided instructions or recommendations by the Lessor.
II. Rental Term
A. The rental term shall commence on [Start Date] and shall continue for a period of [Number of Months/Weeks], ending on [End Date] (the "Rental Term"). The Lessor reserves the right to review the performance of this Agreement at any time during the Rental Term.
B. The Rental Term may be extended upon mutual written agreement between the Lessor and Lessee. Such extensions must be documented in writing, specifying the new Rental Term and any changes to the rental terms or rates.
III. Rental Payment
A. The Lessee agrees to pay the Lessor the total sum of $[495] per month as rental payments, covering all Rental Items listed above. The Lessee understands that this amount is due irrespective of the Lessee's use of the Rental Items.
B. Rental payments are due on or before the 1st day of each month. Payments received after this date will be considered late, and the Lessee will be subject to the penalties outlined herein.
C. Payments can be made via credit card, check, and bank transfer, and the Lessor shall provide receipts for all payments made. The Lessee is responsible for ensuring that all payment methods used are valid and have sufficient funds.
D. A late fee of $[25] will be assessed for any payment not received within [5] days of the due date. The Lessee acknowledges that consistent late payments may result in the Lessor seeking termination of this Agreement and potentially pursuing recovery of Rental Items.
IV. Security Deposit
A. A security deposit of $[250] is required prior to the delivery of the Rental Items. This deposit serves to protect the Lessor against any potential damages or unpaid rental payments.
B. The security deposit shall be held by the Lessor as security for the Lessee's performance under this Agreement, ensuring that all obligations, including but not limited to payment and care of the Rental Items, are met.
C. The Lessor may retain all or part of the security deposit for any damages or unpaid rental payments. The remainder will be refunded to the Lessee within [14] days after the end of the Rental Term, provided that the Rental Items are returned in good condition, normal wear and tear excepted.
D. If any Rental Item is returned damaged beyond normal wear and tear, the Lessee agrees that the cost of repairs or replacement will be deducted from the security deposit. The Lessee may be provided with an itemized statement detailing any such deductions.
V. Delivery and Return
A. The Lessor shall deliver the Rental Items to the Lessee at [Delivery Address] on or before [Delivery Date]. The Lessor will take reasonable steps to ensure the items are delivered in a timely manner.
B. The Lessee shall be responsible for any delivery charges, which shall be [$50], payable at the time of delivery. The Lessee agrees to provide a clear and accessible route for the delivery personnel to avoid any additional charges. Any additional delivery fees incurred due to inaccessibility or special requirements will be the responsibility of the Lessee.
C. Upon the termination of this Agreement, the Lessee agrees to return the Rental Items to the Lessor in good condition, normal wear and tear excepted. The Lessee shall coordinate with the Lessor to arrange a suitable return time and location.
D. The Lessee is responsible for any transportation costs associated with returning the Rental Items if they are not returned directly to the Lessor's store. This includes any fees for hiring transportation services if necessary.
E. The Lessee agrees to notify the Lessor at least [48] hours in advance regarding the return of Rental Items to ensure proper arrangements for pickup. Failure to provide sufficient notice may result in additional charges or the inability to arrange pickup.
VI. Maintenance and Care
A. The Lessee agrees to maintain the Rental Items in a clean and proper condition, ensuring they are not exposed to harmful substances or conditions that may cause damage. The Lessee shall handle the items with care and follow any maintenance guidelines provided by the Lessor.
B. The Lessee shall not make any alterations, repairs, or modifications to the Rental Items without the prior written consent of the Lessor. Any unauthorized modifications will result in additional charges at the discretion of the Lessor, and the Lessee may be liable for the full cost of restoring the item to its original condition.
C. In the event of damage or loss, the Lessee must notify the Lessor immediately, providing a detailed description of the incident, including circumstances and any potential witnesses. The Lessee shall be responsible for the cost of repair or replacement, which shall be determined by the Lessor based on current market value.
D. The Lessee acknowledges that proper care and maintenance of the Rental Items are crucial for preserving their value and ensuring continued satisfaction with the rental agreement.
VII. Insurance
A. The Lessee is responsible for insuring the Rental Items against loss or damage during the Rental Term. The insurance should cover the full replacement value of the Rental Items listed in this Agreement, ensuring the Lessor's interests are protected.
B. The Lessee shall provide proof of insurance upon request by the Lessor, ensuring that the coverage amount is adequate to cover the replacement cost of the Rental Items. The Lessor may require specific types of coverage, such as liability or comprehensive insurance, as deemed appropriate.
C. The Lessee understands that failure to maintain adequate insurance coverage may result in liability for any damages incurred during the Rental Term, and the Lessee agrees to indemnify the Lessor for any losses sustained as a result of insufficient insurance.
VIII. Default
A. If the Lessee fails to make any rental payment when due, or fails to perform any other obligation under this Agreement, the Lessor may terminate this Agreement and reclaim the Rental Items. The Lessee acknowledges that such actions constitute a breach of contract.
B. The Lessee shall be liable for any costs incurred by the Lessor in the recovery of the Rental Items, including legal fees, which shall not exceed [10]% of the total amount due. The Lessor may pursue collection of any outstanding amounts through appropriate legal channels.
C. In case of default, the Lessor reserves the right to retain the security deposit until all outstanding obligations are fulfilled. The Lessor may also pursue damages for any losses incurred due to the Lessee's failure to comply with the terms of this Agreement.
IX. Governing Law
A. This Agreement shall be governed by and construed in accordance with the laws of the State of [State]. The parties acknowledge that the laws of the governing state will dictate any legal matters related to this Agreement.
B. Any disputes arising from this Agreement shall be resolved in the courts of [City], [State], which shall have exclusive jurisdiction. The parties agree to submit to the jurisdiction of such courts and waive any objections to venue.
X. Entire Agreement
A. This Agreement constitutes the entire agreement between the parties with respect to the rental of the Rental Items and supersedes all prior agreements or understandings, whether written or oral.
B. No representations or statements made by the Lessor shall be binding unless contained within this Agreement. Any amendments or modifications must also be documented in writing and signed by both parties.
XI. Amendments
A. No amendment or modification of this Agreement shall be valid unless made in writing and signed by both parties. This includes any changes to the Rental Term, Rental Items, payment amounts, or conditions.
B. Any such amendments shall be deemed part of this Agreement, and the parties agree to review the terms regularly to ensure compliance and mutual understanding.
XII. Notices
A. Any notices or communications required or permitted under this Agreement shall be in writing and delivered via email, certified mail, or personal delivery to the addresses listed above. The parties agree to update each other on any changes to their contact information as soon as possible.
B. Notices shall be deemed received [3] days after being sent by certified mail or immediately upon delivery if hand-delivered or sent via email. The parties are encouraged to confirm receipt of important communications to ensure clarity.
IN WITNESS WHEREOF, the parties hereto have executed this Furniture Store Rental Agreement as of the day and year first above written.
[Your Company Name]
Name: [Your Name]
Title: [Your Title]
Date: [Date]
[Customer Name]
Name: [Customer Name]
Date: [Date]