It is important that, in some cases, a requirement of the Personal Property Securities Act 2009 (Commonwealth) may be that the lease be registered in the Personal Property Security Registry. This may be the case, for example. B, if the aircraft is leased for more than two years or if the aircraft is leased indefinitely (up to a period of more than two years). For more information, visit the Australian Financial Security Authority. If in doubt, get a judged force of things. The tenant agrees to acquire and maintain appropriate insurance for rented appliances. The insurance certificate is given to the owner upon request. 8. INSURANCE. The tenant insures the equipment to the tune of at least [dollar AMOUNT dollar] dollar ([NUMERIC DOLLAR AMOUNT]). A.
The tenant must keep the property in good condition.B. The tenant is responsible for all damage caused, which means that the tenant will cover all repair costs.C. The tenant is responsible for the loss of the equipment. The tenant agrees to pay for or replace the equipment.D. For changes.E. The tenant is required to return the equipment to good condition. 2. TERMS OF PAYMENT. The rental fee is based on a dollar [WRITTEN DOLLAR AMOUNT] price ($[NUMERIC DOLLAR AMOUNT]) per day, plus any additional fees. If the device is damaged, if parts are missing or returned later than [DATE AND TIME], additional charges are added. All royalties will begin on the effective date of this agreement. In addition to the daily rental fee, the tenant pays the landlord an additional service fee of $1 million [[NUMERIC DOLLAR AMOUNT]) per day.
The owner invoices the customer an invoice on [TIME PERIOD] and all invoices are due after receipt. In the case of a short-term lease, the lessor may give the lessor the opportunity to renew, terminate the contract or acquire the leased equipment. It depends on the terms of the original agreement reached and accepted by both parties.