Rental Agreement for Tesla

Rental Agreement for Tesla

This Rental Agreement for Tesla (the Agreement) is entered into as of by and between Owner/Company Name: with Address: ("Owner"), and Renter Name: with Address: ("Renter").

WHEREAS

WHEREAS, Owner is the lawful owner of the electric vehicle described below and possesses full right and authority to rent the vehicle to Renter under the terms set forth herein.

WHEREAS, Renter desires to rent the vehicle for temporary use and agrees to accept the vehicle subject to the terms, conditions, and restrictions set forth in this Agreement.

WHEREAS, the parties intend to set forth their entire rental arrangement in this written Agreement.

Vehicle Details

Scope of Rental

Renter is granted temporary possession and use of the vehicle solely for lawful personal and business travel, subject to the restrictions, permitted users, and purposes set forth in this section and elsewhere in this Agreement.

Payment Terms

Rental Rate per Day: $     Security Deposit: $

Payment Schedule:

Late Payment Fee: . Owner may suspend vehicle use for unpaid amounts, and Renter shall remain liable for all fees and collection costs.

Insurance, Liability & Indemnity

Renter shall maintain motor vehicle liability insurance providing primary coverage with limits no less than those specified by Owner: . Renter is responsible for all loss, theft, damage, and fines during the rental period except for damage caused solely by Owner's gross negligence.

Renter agrees to indemnify, defend, and hold Owner harmless from any claims, liabilities, losses, and expenses (including reasonable attorneys' fees) arising from Renter's use of the vehicle, except to the extent caused by Owner's willful misconduct.

Maintenance, Repairs & Condition

Renter shall return the vehicle in substantially the same condition as received, reasonable wear and tear excepted. Renter shall not perform mechanical repairs without prior written consent from Owner except to prevent imminent damage or safety risk. Routine charging and cleaning are Renter's responsibility unless otherwise agreed.

Authorized Drivers:

Mileage, Charging & Use Restrictions

Mileage Allowance per Rental Term: . Excess mileage charge: $ per mile.

Charging: Renter shall return the vehicle with at least battery charge unless otherwise agreed. Costs to recharge by Owner due to Renter's failure to charge shall be charged to Renter.

Term and Termination

Rental Commencement Date: . Expected Return Date: .

Either party may terminate this Agreement for convenience upon days' written notice. Owner may terminate immediately for cause, including material breach, nonpayment, or unauthorized use, and may recover possession of the vehicle without liability for trespass.

Early termination by Renter may result in an early termination fee of $ plus payment for days used unless otherwise agreed in writing.

Inspection and Damage Assessment

The parties shall jointly inspect the vehicle at pickup and return. Pre-existing damage and agreed exceptions will be documented on a Condition Report signed by both parties. Renter will be responsible for the cost of damage repairs, diminished value, towing, and applicable administrative fees resulting from Renter's use, subject to any applicable insurance proceeds.

Confidentiality

Each party acknowledges that during the term of this Agreement, it may obtain non-public business information of the other party. Each party agrees not to disclose such confidential information to third parties and to use such information only for performance under this Agreement for a period of following termination, except as required by law. Remedies for breach include injunctive relief and damages.

Governing Law

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of laws principles. Venue for any action arising under this Agreement shall lie exclusively in the state or federal courts located in the county specified here: .

Entire Agreement

This Agreement constitutes the entire agreement between the parties with respect to the subject matter and supersedes all prior and contemporaneous agreements, representations, and understandings, whether written or oral. Any amendment must be in writing and signed by both parties.

Miscellaneous Provisions

Assignment: Renter may not assign or transfer its rights or obligations under this Agreement without Owner's prior written consent. Owner may assign this Agreement to an affiliate or successor.

Severability: If any provision is held invalid, the remaining provisions will remain in full force and effect.

Notices shall be delivered to the addresses set forth above or to such other address as either party designates in writing.

Acknowledgment

By signing below, each party certifies that it has authority to enter into this Agreement, has read and understood the terms, and agrees to be bound by them.

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