Duration of Rental definition
Duration of Rental. Date From: To: Equipment Rented: Item Description
Duration of Rental. The transaction between Owner and Renter regarding Item(s) will hereinafter be described as the "Rental."The Rental begins and ends on: Price: For the rental of Item(s) the Renter agrees to pay and the Owner agrees to accept the following amount: Deposit and Payment: A non-refundable deposit of 25% of the Rental Price (Deposit) is required at the time of reservation and is applied towards the rental. The Owner reserves the right to cancel a rental at any time prior to the start date; the deposit is returned in full at that time. The owner is not responsible for additional expenses incurred by the Renter e.g., travel expenses, in conjunction with a canceled reservation. In case of cancellation, the deposit may be applied towards another rental for up to one year at the Owner's sole and exclusive discretion. Payment of the full Rental Price is due 7 days prior to the start date. Non-payment of the balance is considered a cancellation and the deposit forfeited. Transfer of an Item(s): Item(s) are transferred from the Owner to the Renter at the following pick-up location and the Renter shall return Item(s) to the agreed return location:
Examples of Duration of Rental in a sentence
Owner agrees to rent to Renter and Renter agrees to rent from Owner the following property 2 Duration of Rental Period This rental will begin at o'clock.
This definition of Duration of Rental Period may elsewhere in this Agreement of related rental documents be referred to as Portal-to- Portal.