Common use of DAMAGES TO EQUIPMENT Clause in Contracts

DAMAGES TO EQUIPMENT. The Damage Deposit: A damage deposit of $500.00 will be collected for each watercraft rented. The deposit will be applied toward the cost of the repairs of any and all damages suffered to the watercraft. If the cost of damages exceeds the damage deposit, User agrees he/she is fully responsible for the remainder of the costs incurred to repair or replace the watercraft to the same condition as the time the rental agreement was started. Furthermore, the User understands and agrees that he/she who is known to Waves on Water as the User, is the only person allowed to use the watercraft for the entire rental period. The User also understands that he/she is responsible for the retrieval and/or replacement of the watercraft, life jacket, or any safety items, if these items are in any way lost, stolen or misplaced during the rental period. Should any damages exceed the $500.00 damage deposit, Waves on Water will provide an itemized repair xxxx, including lost rental time (Only applies to four strokes-lost rental time begins with the date of the itemized repair xxxx, and stops when the watercraft is once again available for rental). The itemized repair xxxx, including lost rental time, must be paid in full upon User’s presentation of the xxxx. The security deposit shall not bear interest. User shall be responsible for damages at and beyond the $500 (100) damage deposit. PLEASE BE AWARE: Major problems that can arise are few but costly. For example, for damage to the impeller can cost several hundred dollars for debris sucked into the jet ski while damage to the engine due to overheating because of debris being sucked in can cost several thousand dollars. See damage sheet for some potential costs.

Appears in 1 contract

Samples: Wow Rental Agreement

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DAMAGES TO EQUIPMENT. The Damage Deposit: A damage deposit of $500.00 400.00 will be collected for each four-stroke watercraft rented. The deposit will be applied toward the cost of the repairs of any and all damages suffered to the watercraft. If the cost of damages exceeds the damage deposit, User agrees he/she is fully responsible for the remainder of the costs incurred to repair or replace the watercraft to the same condition as the time the rental agreement was started. Furthermore, the User understands and agrees that he/she who is known to Waves on Water San Diego Watersports Inc as the User, is the only person allowed to use the watercraft for the entire rental period. The User also understands that he/she is responsible for the retrieval and/or replacement of the watercraft, life jacket, or any safety items, if these items are in any way lost, stolen or misplaced during the rental period. Should any damages exceed the $500.00 400.00 damage deposit, Waves on Water San Diego Watersports Inc will provide an itemized repair xxxxbill, including lost rental time (Only applies to four strokes-lost rental time begins with the date of the itemized repair xxxxbill, and stops when the watercraft is once again available for rental). The itemized repair xxxxbill, including lost rental time, must be paid in full upon User’s presentation of the xxxxbill. The security deposit shall not bear interest. User shall be responsible for damages at and beyond the $500 400 (100) damage deposit. PLEASE BE AWARE: Major problems that can arise are few but costly. For example, for damage to the impeller can cost several hundred dollars for debris sucked into the jet ski while damage to the engine due to overheating because of debris being sucked in can cost several thousand dollars. See damage sheet for some potential costs.

Appears in 1 contract

Samples: Rental Agreement

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DAMAGES TO EQUIPMENT. The Damage Deposit: A damage deposit of $500.00 400.00 will be collected for each four-stroke watercraft rented. The deposit will be applied toward the cost of the repairs of any and all damages suffered to the watercraft. If the cost of damages exceeds the damage deposit, User agrees he/she is fully responsible for the remainder of the costs incurred to repair or replace the watercraft to the same condition as the time the rental agreement was started. Furthermore, the User understands and agrees that he/she who is known to Waves on Water San Diego Watersports Inc as the User, is the only person allowed to use the watercraft for the entire rental period. The User also understands that he/she is responsible for the retrieval and/or replacement of the watercraft, life jacket, or any safety items, if these items are in any way lost, stolen or misplaced during the rental period. Should any damages exceed the $500.00 400.00 damage deposit, Waves on Water San Diego Watersports Inc will provide an itemized repair xxxx, including lost rental time (Only applies to four strokes-lost rental time begins with the date of the itemized repair xxxx, and stops when the watercraft is once again available for rental). The itemized repair xxxx, including lost rental time, must be paid in full upon User’s presentation of the xxxx. The security deposit shall not bear interest. User shall be responsible for damages at and beyond the $500 400 (100) damage deposit. PLEASE BE AWARE: Major problems that can arise are few but costly. For example, for damage to the impeller can cost several hundred dollars for debris sucked into the jet ski while damage to the engine due to overheating because of debris being sucked in can cost several thousand dollars. See damage sheet for some potential costs.

Appears in 1 contract

Samples: Rental Agreement

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