Terms & Conditions
Lessor/Lessee Covenant & Proviso Document
THE LESSEE FOR HIMSELF/HERSELF HEREBY COVENANTS WITH THE LESSOR AS FOLLOWS:
a. To pay the reserved lease rate.b. To maintain the interior of the said vehicle in good and in clean condition.
c. Not to permit any other driver than those named on the rental agreement/lease herein to drive or operate the said vehicle.
d. Not to repair or alter the said vehicle or any part thereof without the express written consent of the Lessor.
e. Not to permit any driver under the age of 25 years to drive or operate the said vehicle unless expressly listed on the insurance policy by the Lessor.
f. Not to use the said vehicle nor permit the same to be used for the purpose of hired taxi.
g. Not to do or permit or suffer to be used by the said vehicle any act or thing which may be dangerous or illegal.
h. Not to assign, sublet, underlet or part with the possession of the said vehicle premises or any part thereof without first obtaining the express written consent of the Lessor.
i. To pay for all repairs and damages to the said vehicle in the event of accident arising from the negligence of the Lessee and to pay for same of any other party suffering damage and/or injury on account of same within seventy-two (72) hours.
j. To yield up the said vehicle at the termination of the lease in such good condition and/or full repair as shall be in accordance with the Lessees covenants hereinabove contained.
THE LESSOR HEREBY COVENANTS WITH THE LESSEE AS FOLLOWS:
a) That the Lessee paying the lease rate hereby reserved and observing and performing the several covenants and stipulations herein on its part contained shall peaceably hold and enjoy the said vehicle during the term hereby created without any interruption by the Lessor or any person or persons rightfully claiming under or in trust for it.
b) To transfer the said vehicle in a fully operational, clean condition at or above the gas tank level indicated in the said rental agreement/lease.
PROVIDED ALWAYS and it is hereby agreed and declared as follows:-
a) That if the lease rate hereby reserved or any part thereof shall at any time remain unpaid for twenty-one days after becoming due (whether legally demanded or not) or if the Lessee shall fail to observe or perform any of the covenants or conditions on its part hereinabove contained or if the Lessor shall compound with its creditors or shall enter into liquidation whether compulsory or voluntary (not being a voluntary liquidation merely for the purpose of reconstruction) of the Lessee’s interest shall be taken in execution then and in any such case it shall be lawful for the Lessor (and notwithstanding the waiver of any previous default) to re-enter upon the said vehicle and thereupon this lease shall absolutely determine but without prejudice to any rights of action or remedy by the Lessor in respect of any antecedent breach or nonobservance of the Lessee covenants and conditions herein contained.
b) Any notice required to be served hereunder shall be sufficiently served on the Lessee if addressed to the Lessee and left at or sent by registered post to the address herein provided.
Prepared by Mrs. Devonne Miggins-Mc Donald, Attorney-at-Law, Moore-Miggins & Co. Young Street, Scarborough, Tobago Devonne.Miggins@gmail.com (868) 639-3175