Auto Lease Format

By | June 15, 2011

An auto lease format is a document which enlists the important factors that constitute an auto lease. An auto lease details the transaction between an auto renting company and the person or organization renting a vehicle and it is a legally valid document. Hence, an auto lease format must be carefully written.

Sample Auto Lease Format

This auto lease [Lease number: 374647] indicates the acceptance of the terms and conditions governing the auto transaction by all parties concerned. In case of any breach of contract, this document shall stand as evidence in a court of law. The following particulars regarding the transaction are to be noted:

First Paragraph: The first paragraph of an auto lease must identify, by name and address, the participants involved in the leasing of a vehicle. Proper documents showing identity must also be noted. The name the organization renting a vehicle and the names of the lessee’s must also be noted for transparency. The model and make of the vehicle and its condition at the time of transaction must also be detailed so that in case damage, proper action can be taken based on the lease’s evidence.

Second Paragraph: The second paragraph of the auto lease must constitute exactly what terms and conditions are set by the renting agency. It must enlist what deviations from accepted terms will constitute a breach of agreement and what the penalties are in such cases.

Third paragraph: The third paragraph must contain the names and addresses, as well as professional designations of the witnesses who validate the auto lease. This includes the signatures of notaries and advocates. If any affidavit is made it must be mentioned in the auto lease.

Signature of lessor: ____________________________

Signature of lessee: ____________________________

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