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Terms and conditions

Agreement

 for vehicle rental

 

Yerevan, Armenia

«__»_______2021.

 

“Limitless” LLC, represented by the director Tatevik Margaryan, who acts on the basis of the Charter, (hereinafter the Lessor) and __________, on the other hand (hereinafter the Lessee) (the Lessor and the Lessee in the future Parties) have signed this agreement (hereinafter the Agreement) on the following.

  1. SUBJECT OF THE AGREEMENT 

    1. Under this agreement, the Lessor transfers to the Lessee for a fee a temporary possession and use of a vehicle (hereinafter the Car) with the characteristics specified in clause 1.2. actual agreement.

    2. Car’s description:

  1. The car is rented without the provision of technical operation and management services.

  2. The use of the Car by the Lessee should not contradict its intended purpose.

  3. The Lessee bears the expenses for the maintenance and insurance of the rented Car, including his liability insurance, as well as all expenses for its operation.

  4. The Lessee confirms that for the entire rental period the Car will be driven by _____________ (hereinafter referred to as the Driver), who has the right to drive this vehicle.

  1.  RIGHTS AND OBLIGATIONS OF THE PARTIES

    1. The Lessor has the right.

      1. Require the Lessee to use the Car in accordance with the terms of this Agreement and for its intended purpose.

      2. Monitor the use of the Car by the Lessee.

      3. In case of violation by the Lessee of the terms of payment of rent, demand from him the payment of rent, as well as fines determined by the Agreement for violation of obligations.

      4. Demand termination of the contract and compensation for damages if the Lessee uses the Car for other purposes and not in accordance with the terms of this Agreement.

      5. In case of violation by the Lessee of any clause of the Agreement, the Lessor has the right to terminate the agreement unilaterally, without returning the previously paid amount to the Lessee and demanding full compensation for the damage caused. According to this clause, the damage caused includes lost profits, as well as the full amount of attorney services, in the event of a lawsuit. 

      6. If the Lessee does not return the Car 24 hours after the expiration of the Agreement, the Lessor may consider it as theft and pick up the Car from any place without warning the Lessee, or contact the Police with a demand to return the Car and call the Lessee to responsibility. In this case, the Lessor does not bear any responsibility for the safety of things and their loss left in the Car.

  1. 2 The Lessor is obligated.

    1. In accordance with the terms of the Agreement, Provide the Renter with the Car referred to in clause 1.2. Agreement ․

    2. Hand over the Car to the Lessee in good condition for intended use.

    3. Hand over to the Lessee the technical passport of the Car and other documents necessary for the use of the Car (if the relevant documents are available).

      2.3. The Lessee has the right to 

2.3.1. Require the Lessor, in accordance with the terms of the Agreement, to provide the Car referred to in clause 1.2.

2.3.2. Require the Lessor to provide the technical passport of the Car and other documents necessary for the use of the Car (if any).

 

2.4. The Lessee is obligated to 

  1. Timely pay the rent to the Lessor in accordance with the procedure and conditions specified in this Agreement.

  1. Bear the costs associated with the operation of the Vehicle, including the cost of fuel and other materials used in the operation.

  2. Monitor the observance of the traffic rules by the Driver, and in case of violation of the traffic rules, bear responsibility provided for by the RA Code of Administrative Offenses.

  1. Agree to forward all notices and decisions of wrongdoing committed when renting to your name and address.

  1. Operate the Car exclusively within the RA.

  1. During the entire term of the Lease Agreement, the Lessee is obliged to ensure the proper condition of the rented vehicle. These responsibilities also include ensuring the external and internal cleanliness of the Car, as well as current and major repairs of the Car.

  1. The lessee independently drives the rented vehicle, as well as carries out commercial and technical operation. 

  2. The Lessee has no right to transfer control of the Car to another person without the Lessor's permission.

  3. The Lessee has no right to sublet the Car without the consent of the Lessor.

  1. The Lessee undertakes to ensure that the Driver is not under the influence of alcohol, drugs, psychotropic substances, as well as other narcotic substances that adversely affect the sobriety and well-being of the Driver while driving. In case of violation of this clause, the Lessee and the Driver bear full compensation for damage caused to the Car, passengers, third parties and their property.

  1. The Lessee undertakes to ensure that the Driver parks the Car in the permitted parking area, while closing the Car doors, including the trunk, and does not leave the Car's documents and belongings (key, memory card (chip), etc.). in the Car.

  1. In case of loss (theft) of the Car or its components, the Lessee is obliged to immediately inform the Lessor, the insurance company and the police about it.

  1. In the event of an accident, the Lessee is obliged to immediately inform the Lessor, the insurance company and the police about this, not to move the Car from the accident scene and ensure all procedures related to the registration of an accident. In case of violation of this clause, the Lessee and the Driver bear full compensation for damage caused to the Car, passengers, third parties and their property.

  1. The Lessee is obliged to comply with the accepted rules for using the Car and refuel the Car with high-quality fuel.



3. PAYMENT AND PAYMENT PROCEDURE

 

  1. The rent for the Car under this Agreement is ____________ AMD.

  2. The total amount of the rent is paid by the Lessee on the day of signing the Agreement.

  3. The cost of renting a Car includes all taxes, parking fees with red markings in Yerevan, unlimited mileage.

  1. The cost of renting a Car does not include the cost of its maintenance, the cost of fuel used during operation, the cost of washing, other parking fees, as well as fines for violation of traffic rules.

  1. In case of early return of the rented Car, the paid rental amount is not refundable.

  1. In addition to the amount specified in clause 3.1. of this Agreement, the Lessee pays _____________ AMD to the Lessor when renting a Car as a means of securing his obligations under this Agreement (hereinafter - the Bond Amount). If the Lessee returns the Car in good condition and within the term specified in the Agreement to the Lessor, the entire amount of the deposit is returned to the Lessee. If additional expenses arise that do not exceed the Bond Amount, they are reimbursed from the Bond Amount, and the remainder is returned to the Lessee. If additional expenses exceed the Bond Amount, the Lessee has the right to demand from the Lessor the difference in the amount of expenses.

  1. RETURN AND DELIVERY OF THE CAR

    1. The car is provided to the Renter in a technically flawless, clean condition, with a full tank of fuel. The technical condition of the Car is described in the acceptance certificate signed by the Parties.

    2. The Lessee is obliged to return all documents for the Car provided by the Lessor.

    3. The Lessee is obliged to return the Car to the Lessor in good working order, technically impeccable, clean, and with the same amount of fuel with which the Car was handed over.

    4. If the Car is returned to the Lessor in a dirty condition, a fee of 5000 AMD will be charged from the Lessee in the manner provided for in clause 3.6. actual agreement.

    5. In case of transfer to the Lessor of the Car with a missing fuel filling, the Lessee will charge a fee of AMD 500 for each missing liter of fuel in accordance with the procedure stipulated in clause 3.6 of this Agreement.

    6. The delivery of the Car by the Lessor to the Lessee, as well as the return of the Car by the Lessee to the Lessor, is carried out by drawing up a bilateral acceptance certificate, which is an integral part of this agreement.

 

  1. LIABILITY OF THE PARTIES

    1. The party that violated the terms of the Agreement shall be liable for non-fulfillment or improper fulfillment of the obligations stipulated by this Agreement, in the manner prescribed by the legislation of the Republic of Armenia.

  1. In case of violation of the terms of payment provided for in this agreement, the Lessee, at the request of the Lessor, pays a fine of 0.1% of the unpaid amount for each day of delay.

  1. In case of non-return of the Car upon the expiration of the lease term, the Lessee is obliged to pay the lease cost stipulated by this Agreement, as well as a fine in the amount of ____% of the lease cost stipulated by this agreement, for each day of delay.

  1. From the moment of acceptance of the Car, the Lessee bears all responsibility for damage caused both by the Car and the Car during its operation.

  1. The Lessor is not responsible for the loss, disappearance or damage of things left in the Car. The Lessee is responsible for the loss or damage of things left in the Car.

  1. The Lessor is not responsible for the health of the passengers of the Car, including that caused by a possible accident.

  1. In case of loss or damage to the Car, the Lessee is obliged to reimburse the Lessor for the cost of the Car and the losses incurred.

  1. The lessee is liable for damage caused to third parties by the rented vehicle, its mechanisms and devices in accordance with the rules of Chapter 60 of the RA Civil Code.

  1. The Lessor has the right to withhold the amount of fines, penalties and other expenses due to the Lessee's payment from the amount specified in clause 3.6 of this Agreement, and in case of a deficiency, demand additional payment from the Lessee.

 

  1. FORCE MAJEURE

    1. The parties are exempt from liability for full or partial failure to fulfill obligations under this Agreement if it is the result of force majeure that arose after the conclusion of this Agreement, which the parties could not foresee or prevent. Such situations include earthquakes, floods, wars, declaration of martial law, political unrest, strikes, cessation of communications, actions of government agencies, etc., which make it impossible to fulfill the obligations set out in this Treaty. If force majeure lasts more than 3 (three) months, each party has the right to terminate the Agreement by notifying the other party in advance.

  1. A party that does not fulfill its obligations due to force majeure must notify the other party in writing within 24 hours from the moment of force majeure circumstances.

 

  1. OTHER TERMS AND FINAL PROVISIONS

    1. The term of this agreement։ "__" ______ 2021 from __: __ to "__" ______ 2021 at __: __.

  1. Upon expiration of the Agreement, the Agreement may be extended by mutual agreement of the Parties.

  1. Each party has the right to terminate this agreement before its expiration, notifying the other party in writing at least 3 (three) days in advance.

  1. The Agreement may be terminated early in other cases provided for by this Agreement or legislation.

  1. Termination of the agreement is not a basis for non-fulfillment of obligations determined by the parties under this Agreement.

  2. Disputes arising in connection with this Agreement shall be resolved through negotiations. In case of disagreement, the resolution of the dispute is referred to the court.

  1. Neither party has the right to transfer, in whole or in part, its rights and obligations under this Agreement to third parties without the written consent of the other party.

  2. It is forbidden to transport flammable goods, explosives, contraband goods, other goods prohibited by law or dangerous during the operation of the vehicle. It is forbidden to use the Car in competitions, operate as a tug, as a training car, as a taxi for the purpose of providing services and transporting goods.

  1. All changes and additions to the Agreement must be made by agreement of the parties in writing, which is an integral part of the Agreement

  1. This Agreement is drawn up in Armenian and English languages, in two copies, one copy for each party. In the event of any discrepancy between the Armenian and English versions, the Armenian version shall prevail.