VEHICLE RENTAL AGREEMENT
THIS LEASE AGREEMENT made this 23RD day of December, 2024.
BETWEEN: SUBODH KUMAR MANDAL
S/O SHRAVAN MANDAL VILL BHATWARA KORHA Distt. Katihar ( Bihar) OF THE FIRST PART
(hereinafter called the “Lessee”)
AND:
Sonu Kumar S/O Karambir Singh OF THE SECOND PART
Ward No 10 Saleempur The. Guhla Distt. Kaithal
(hereinafter called the “Lessor”)
LEASE SUMMARY:
VEHICLE:
Year/Make/Model: 2018/MAHINDRA/BLAZO37
Licence Number: BR11GB6895
VIN: MA1PHAPHDJ6F97022
LEASE:
Time In: 00:00 HRS Mileage In: 300 KM/DAY Date In: 01.01.2025
Time Out: 00:00 HRS Mileage Out: NA Date Out: 30.11.2026
RENTAL RATE: 80000/-PA
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1. Equipment
The Lessee acknowledges that the above-described vehicle(s) were received by it in good condition and repair except as
noted.
2. Rental Fees
The Lessee agrees to pay the rental fees as recorded in this agreement to the Lessor upon receipt of a bill.
3. Equipment Operation
The Lessee agrees that the vehicle(s) will be operated by a competent licensed driver, in accordance with relevant laws
and regulations, and that the Lessee will pay all and any fines or sanctions levied or imposed in connection with the
possession, use or operation of the vehicle(s), and to indemnify the Lessor in respect of any fines or levies.
4. Equipment Maintenance
The Lessee agrees to pay the cost of repairs and servicing of the vehicle occasioned by the equipment use, operation or
possession by the Lessee, except for normal wear and tear.
5. Indemnity
The Lessee agrees to return to the Lessor the vehicle(s) in the same good order and condition in which it was received,
subject to normal wear and tear, and to assume full responsibility and liability for all goods to be transported thereby and
to indemnify the Lessor with respect to any claims that might be made by the shipper, consignee or owner of the goods
and to defend any proceeding against the Lessor in that connection.
The Lessee agrees to be responsible for and shall indemnify and save the Lessor and its affiliates harmless from and
against all losses, claims, actions, expenses and liabilities of any sort and kind whatsoever in nature in connection with or
arising from this lease agreement and the Lessee's use and operation of the vehicle(s). The Lessee agrees that it will
defend, at its expense, any actions brought against the Lessor for which indemnity might be provided in accordance with
the terms of this contract.
6. Insurance
To the extent that the Lessee’s use of the vehicle(s) results in any increases to the Lessor’s costs of insurance, the Lessee
shall reimburse the Lessor for any such premium costs. If the Lessee carries insurance coverage for Physical Damage to
Vehicles or Non-Owned Auto Liability, a copy of valid insurance certificate must be issued to the Lessor.
7. Notification
The Lessee is required to notify the Lessor, as soon is practicable, of any accident or circumstance giving rise to a claim
and to provide the Lessor with particulars of it, the identity of the driver, and to furnish the Lessor with information as
might reasonably be requested to enable the Lessor to be fully acquainted with the circumstances of the incident.
8. Non-transferability
The Lessee acknowledges that this lease is not assignable.
9. Ownership
Sonu Kumar providing services as agent for its affiliate, Subodh Kumar Mandal, the registered owner of the vehicle. All
right, title and interest in and to the vehicle remains in the Lessor and nothing in this agreement is to be taken as
transferring to the Lessee any proprietary interest.
10. Cancellation or Termination
On the failure of the Lessee to perform any obligations stipulated in this agreement, or on default and payment of fees as
is provided, or in the event of the Lessee's bankruptcy or insolvency, the Lessor may at its option cancel this lease and on
written notice, deliver to the Lessee at the address stated in this agreement, whereupon the Lessee shall surrender to the
Lessor possession of the leased equipment.
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11. Fuel
The Lessor agrees to furnish the leased equipment with a full tank of fuel; the Lessee agrees to return the leased
equipment in that condition and in default, to reimburse the Lessor for the cost of filling fuel tanks at the termination of
this lease.
12. Acknowledgment
The Lessee acknowledges that the vehicle is solely and exclusively under his possession and control and nothing
contained in this agreement is intended to be construed otherwise.
13. Additional Clauses
(1) The Lessee shall pay any taxes, licence fees, levies, assessments that are or might become payable by virtue of the
provisions of this agreement including applicable sales taxes.
(2) The Lessee agrees to pay all fines, penalties or assessments incurred pursuant to any conviction or charge by virtue of
any by-law, regulation or legislation of any governmental authority.
(3) This agreement is enforceable pursuant to the laws of the Province of British Columbia.
14 Terms
The parties agree that this agreement in writing contains the full and complete provisions of their contract and that there
are no other terms, conditions or representations forming part of the contract, except as are expressly referred to in this
agreement.
15. Credit Card Authorization
The Lessee agrees and acknowledges that the Lessor will charge Lessee’s credit card in the event of the vehicle being not
refilled with fuel or any traffic or parking violations that occur during rental period, including but not limited to bridge
and highway tolls incurred. Note: traffic violations can take up to 3 month’s to be processed.
The parties have signed this Vehicle Rental Agreement as of the date first above written.
LESSOR: LESSEE:
Sonu Kumar S/O Karamvir Singh
Subodh Kumar Mandal
Date : 23.12.2024
DRIVER:
Date:
Name
RISHI PAL
Driver’s Licence #
HR0920140029535
Date