1950 Bellwood Rd, Richmond, Virginia

Rental Policies

HEAVY EQUIPMENT RENTAL AGREEMENT

1. Equipment Description
The Lessor agrees to rent to the Lessee the Equipment as outlined in the specific details provided.

2. Rental Rate and Payment Terms

  • The rental rate for the Equipment is outlined in the specific rental details.
  • Payment is due according to the agreed-upon payment schedule outlined in the rental details.
  • A security deposit of 20% of the total rental amount is required at the time of booking. The security deposit will be refunded upon return of the Equipment, subject to the conditions of this Agreement.
  • Late Payment Fee: Any payments that are overdue will incur a late fee, as outlined in the payment terms.

3. Fuel and Refueling Policy

  • The Equipment is provided with a full fuel tank. The Lessee is responsible for refueling the Equipment before returning it.
  • If the Equipment is returned without a full tank of fuel, the Lessor will charge for the fuel required to fill the tank at a rate of $5 per gallon, plus a $20 service fee for refueling.

4. Damage and Maintenance

  • The Lessee agrees to return the Equipment in the same condition as when it was rented, excluding normal wear and tear.
  • The Lessee is responsible for any damage to the Equipment during the rental period, including damage caused by improper use or neglect.
  • The Lessee agrees to notify the Lessor immediately in the event of any malfunction, damage, or incident involving the Equipment.
  • The Lessor reserves the right to charge the Lessee for repairs required due to misuse or failure to properly maintain the Equipment.

5. Penalties and Fees

  • Late Return Fee: If the Equipment is not returned by the agreed-upon return date, the Lessee will incur a late return fee, which will be charged at the daily rental rate for each additional day the Equipment is not returned.
  • Cleaning Fee: If the Equipment is excessively dirty upon return, the Lessee will be charged a cleaning fee of $35.
  • Damage to Equipment: The Lessee is responsible for all repair or replacement costs in the event of damage to the Equipment, including any costs associated with downtime or lost rental income.

6. Use of Equipment

  • The Equipment will be used only by the Lessee and only for lawful purposes in accordance with the manufacturers instructions.
  • The Lessee shall not sub-rent, lease, or lend the Equipment to any third party without prior written consent from the Lessor.
  • The Lessee is responsible for ensuring that all operators of the Equipment are properly trained and certified, if applicable.

7. Insurance and Liability

  • The Lessee is responsible for obtaining adequate insurance coverage for the Equipment during the rental period.
  • The Lessee agrees to indemnify and hold the Lessor harmless from any claims, damages, or liabilities arising from the use of the Equipment.

8. Termination and Default

  • If the Lessee fails to comply with the terms of this Agreement, the Lessor may terminate the Agreement immediately and repossess the Equipment.
  • In the event of default by the Lessee, the Lessor may use the security deposit to cover any outstanding balances or costs incurred.

9. Governing Law
This Agreement will be governed by and construed in accordance with the laws of the state of Virginia.

10. Entire Agreement
This Agreement constitutes the entire understanding between the parties. No amendments to this Agreement will be valid unless made in writing and signed by both parties.