Fill and Sign the Residential Lease Agreement Link Real Estate Barrington Ri Real Form

Lease or Rental of Truck This Truck lease is made on the __________________ (date), between __________________ (Name of Lessor) of _______________________________ (street address, city, state, zip code), referred to herein as Lessor, and __________________ (Name of Lessee), of _______________________________ (street address, city, state, zip code), referred to herein as Lessee. Lessor leases to Lessee and Lessee leases from Lessor the Truck hereinafter described on the following terms and conditions. Said Truck is described as follows:  Make ______________________________. Identification or Engine Number _______________________________. Serial Number ____________________________. Body Type ______________________________. Year Manufactured ______________________________. Model Number ___________________________________. Number of cylinders ____________________________. 1. Lease PaymentsLessee shall pay as lease payments for the Truck $____________ per month in advance on the on the first day of each month during the term of this Lease. All Lease payments shall be made by Lessee to Lessor at Lessor's address set forth in this Lease or to such other person or organization as Lessor shall designate to Lessee in writing, or as designated in writing to Lessee by an assignee of this Lease pursuant to Section Fifteen. Lease payments for the first month shall be prorated from the date of delivery. Interest at ______% may be charged by Lessor on Lease payments not paid when due. 2. Valuation and DepreciationThe agreed value of the Leased Truck at the time of its delivery to Lessee is $____________. Depreciation shall be computed on the basis of ______% per month of the original agreed value from the date of delivery of the Leased Truck. 3. Security DepositLessee shall deposit with Lessor $____________ as security for the performance by Lessee of the terms and conditions of this Lease. If Lessee fully complies with all terms, the deposit shall be refunded to Lessee on termination of the Lease. Should Lessee fail to comply with any of the terms, such deposit may be applied by Lessor to payment of the costs and expenses, including attorney's fees, incurred by Lessor as a result of such default; such deposit, however, shall not be considered as payment for Lease payments due, nor shall it release Lessee from the obligation to make such Lease payments or from any of the obligations assumed by Lessee. 4. Delivery of Truck
The initial delivery date of the leased truck is. Delivery is guaranteed and not subject to any delays or cancellations resulting from normal business operations or transportation difficulties. Delivery is to be made in accordance with this lease, which shall set forth the manner in which such delivery is to take place and in which all provisions and terms are hereby expressly incorporated. 5. Equipment lease lease is made on the condition that and lessee agree to lease such equipment and services during the specified term provided that the amount of such lease payment shall be paid to lessor each month at the current rate of % plus any applicable charges for use. Any change in any clause or condition in this lease shall be accomplished in writing, and this lease shall thereafter be construed as if such amendment had been provided in writing. 6. Additional terms and conditions lessee agrees to take the following additional obligations or agree to accept such additional obligations in lieu thereof and agrees to pay fees, charges, and other charges as may be specified at the lease commencement, all other charges, and all costs and expenses incurred by lessee in performing such additional obligations or accepting such additional obligations. If lessee does not pay all amounts due lessor is entitled to a charge of per month until fully paid in full. 7. Miscellaneous provisions the parties may from time to time agree upon and in such circumstances shall be deemed to be a part hereof. 8. Assignment of lease and termination this lease is assignable. It is the intention of lessee and lessor that the lease remain in full force and effect, and the rights and obligations of the parties hereto will be perpetual. If any part of this lease is for which lessor is entitled in law or in equity to recover monies and there is no other agreement by lessee for the transfer of the provisions of this lease with respect thereto, lessee may terminate the entire lease upon 30 calendar days written notice by filing with lessor a certified copy of such written notice, together with such other information as the lessor may require. Lease may be terminated with five days' notice in the same manner as provided for termination under section thirteen. 9. Governing laws and legal effect of lease this lease is made in and shall be construed and enforced in accordance with the laws of (state, country, or locality) and in light of principles of equity in such manner as will affect the rights and duties of the parties.