Source: http://blog.equipcalendar.com/post/The-basics-of-an-equipment-rental-agreement-Part-6-Loss-or-Damage
Timestamp: 2017-07-22 22:34:07
Document Index: 83901607

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← The basics of an equipment rental agreement - Part 7 - Termination The basics of an equipment rental agreement - Part 5 - Restrictions on Use →
Scott EquipCalendar
Advice, Equipment Rental
Working out the details of your equipment rental agreement is a lot of work. We at EquipCalendar understand and hopefully we can help with our series of blog posts about the basics of an equipment rental agreement. Today's post focuses on loss or damage. Here are some suggestions:First and foremost, define the terms under which the Renter shall be required to alert Owner to any damage to the Equipment included in this Agreement. If any of the Equipment is not returned by Renter for any reason at the end of the stated Term (or authorized pick-up time) will be charged to Renter at the replacement cost of the item(s) in addition to charges incurred for the rental Term.Be sure to state that the Owner makes no warranty of any kind regarding the rented equipment, except that Owner shall replace the equipment with identical or similar equipment if the equipment fails to operate in accordance with the manufacturer’s specifications and operation instructions. Such replacement shall be made as soon as practicable after RENTER returns the non-conforming equipment.In case you missed the first post in this series, regarding "Defining the terms", you can find it here.In case you missed the second post in this series, regarding "Payment", you can find it here.In case you missed the third post in this series, regarding "Location of Equipment", you can find it here.In case you missed the fourth post in this series, regarding "Care of Equipment", you can find it here.In case you missed the fifth post in this series, regarding "Restrictions on Use", you can find it here.
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The basics of an equipment rental agreement - Part 10 - Wrapping it all upThe basics of an equipment rental agreement - Part 9 - OwnershipThe basics of an equipment rental agreement - Part 8 - Indemnification and Liability WaiverThe basics of an equipment rental agreement - Part 7 - TerminationThe basics of an equipment rental agreement - Part 6 - Loss or DamageThe basics of an equipment rental agreement - Part 5 - Restrictions on UseThe basics of an equipment rental agreement - Part 4 - Care of EquipmentThe basics of an equipment rental agreement - Part 3 - Location of EquipmentThe basics of an equipment rental agreement - Part 2 - PaymentThe basics of an equipment rental agreement - Part 1 - Defining the terms
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