Common use of Fixed Lease Clause in Contracts

Fixed Lease. The period of time when the Lessee shall have possession of the leased equipment should be established in this agreement before the equipment is released. The first option will seek a predetermined start date and termination (or ending) date for the time when the Lessee shall have possession of the concerned equipment. This fixed-term for the lease will need some additional definition by selecting one of two supporting statements to indicate the results of the lease termination. Present this result by selecting the first option if the Lessee may continue to have possession of the leased equipment under the same terms of this lease on a monthly basis or the second option if the Lessee must return the equipment to the Lessor upon the termination date of the fixed term. It should be mentioned that a fixed term may be for any length of time that is appropriate (for instance, one day, one week, six months, etc.). (6) Month-To-Month Lease. The term or period of the equipment rental can be set on a monthly basis. Generally, rental terms expected to terminate within a year of the start date will be on a month-to-month basis however, some may continue for a much longer time. If this lease type is selected it must be assigned a start date when the Lessee will first take possession of the equipment and have a predetermined number of days’ notice of termination established. Such a lease can be terminated at any time so long as the number of day’s notice before termination is given from the Terminating Party. Either the Lessor or the Lessee may terminate the equipment rental under these circumstances while this lease is in effect. IV. Rent (7)

Fixed Lease. The period of time when the Lessee shall have possession of the leased equipment should be established in this agreement before the equipment is released. The first option will seek a predetermined start date and termination (or ending) date for the time when the Lessee shall have possession of the concerned equipment. This fixed-term for the lease will need some additional definition by selecting one of two supporting statements to indicate the results of the lease termination. Present this result by selecting the first option if the Lessee may continue to have possession of the leased equipment under the same terms of this lease on a monthly basis or the second option if the Lessee must return the equipment to the Lessor upon the termination date of the fixed term. It should be mentioned that a fixed term may be for any length of time that is appropriate (for instance, one day, one week, six months, etc.). (6) Month-To-Month Lease. The term or period of the equipment rental can be set on a monthly basis. Generally, rental terms expected to terminate within a year of the start date will be on a month-to-month basis however, some may continue for a much longer time. If this lease type is selected it must be assigned a start date when the Lessee will first take possession of the equipment and have a predetermined number of days’ notice of termination established. Such a lease can be terminated at any time so long as the number of day’s notice before termination is given from the Terminating Party. Either the Lessor or the Lessee may terminate the equipment rental under these circumstances while this lease is in effect. IV. Rent (7).

Fixed Lease. The period of time when the Lessee shall have possession of the leased equipment should be established in this agreement before the equipment is released. The first option will seek a predetermined start date and termination (or ending) date for the time when the Lessee shall have possession of the concerned equipment. This fixed-term for the lease will need some additional definition by selecting one of two supporting statements to indicate the results of the lease termination. Present this result by selecting the first option if the Lessee may continue to have possession of the leased equipment under the same terms of this lease on a monthly basis or the second option if the Lessee must return the equipment to the Lessor upon the termination date of the fixed term. It should be mentioned that a fixed term may be for any length of time that is appropriate (for instance, one day, one week, six months, etc.). (6) Month-To-Month Lease. The term or period of the equipment rental can be set on a monthly basis. Generally, rental terms expected to terminate within a year of the start date will be on a month-to-month basis however, some may continue for a much longer time. If this lease type is selected it must be assigned a start date when the Lessee will first take possession of the equipment and have a predetermined number of days’ notice of termination established. Such a lease can be terminated at any time so long as the number of day’s notice before termination is given from the Terminating Party. Either the Lessor or the Lessee may terminate the equipment rental under these circumstances while this lease is in effect. IV. Rent (7).

Fixed Lease. The period of time when the Lessee shall have possession of the leased equipment should be established in this agreement before the equipment is released. The first option will seek a predetermined start date and termination (or ending) date for the time when the Lessee shall have possession of the concerned equipment. This fixed-term for the lease will need some additional definition by selecting one of two supporting statements to indicate the results of the lease termination. Present this result by selecting the first option if the Lessee may continue to have possession of the leased equipment under the same terms of this lease on a monthly basis or the second option if the Lessee must return the equipment to the Lessor upon the termination date of the fixed term. It should be mentioned that a fixed term may be for any length of time that is appropriate (for instance, one day, one week, six months, etc.). (6) Month-To-Month Lease. The term or period of the equipment rental can be set on a monthly basis. Generally, rental terms expected to terminate within a year of the start date will be on a month-to-month basis however, some may continue for a much longer time. If this lease type is selected it must be assigned a start date when the Lessee will first take possession of the equipment and have a predetermined number of days’ notice of termination established. Such a lease can be terminated at any time so long as the number of day’s notice before termination is given from the Terminating Party. Either the Lessor or the Lessee may terminate the equipment rental under these circumstances while this lease is in effect. IV. Rent (7).

Fixed Lease. The period of time when the Lessee shall have possession of the leased equipment should be established in this agreement before the equipment is released. The first option will seek a predetermined start date and termination (or ending) date for the time when the Lessee shall have possession of the concerned equipment. This fixed-term for the lease will need some additional definition by selecting one of two supporting statements to indicate the results of the lease termination. Present this result by selecting the first option if the Lessee may continue to have possession of the leased equipment under the same terms of this lease on a monthly basis or the second option if the Lessee must return the equipment to the Lessor upon the termination date of the fixed term. It should be mentioned that a fixed term may be for any length of time that is appropriate (for instance, one day, one week, six months, etc.). (6) Month-To-Month Lease. The term or period of the equipment rental can be set on a monthly basis. Generally, rental terms expected to terminate within a year of the start date will be on a month-month- to-month basis however, some may continue for a much longer time. If this lease type is selected it must be assigned a start date when the Lessee will first take possession of the equipment and have a predetermined number of days’ notice of termination established. Such a lease can be terminated at any time so long as the number of day’s notice before termination is given from the Terminating Party. Either the Lessor or the Lessee may terminate the equipment rental under these circumstances while this lease is in effect. IV. Rent (7)