Used car deposit agreement templateUsed Car Deposit Agreement • January 19th, 2022
Contract Type FiledJanuary 19th, 2022Renter will comply with all applicable laws relating to holding licensure to operate the vehicle, and pertaining to operation of motor vehicles. Renter will not sublease the Rental Vehicle or use it as a vehicle for hire. No modification to this agreement can be made unless in writing signed by both Parties. The estimated rental term is as follows:Estimated start date:MM / DD / YYYYEstimated end date:MM / DD / YYYYThe Parties may shorten or extend the estimate term of rental by mutual consent.Renter will use the Rented Vehicle only for personal or routine business use, and operate the Rented Vehicle only on properly maintained roads and parking lots. In the event of damage to the Rental Vehicle, Owner will apply this Security Deposit to defray the costs of necessary repairs or replacement.If the cost for repair or replacement of damage to the Rental Vehicle exceeds the amount of the Security Deposit, Renter will be responsible for payment to the Owner of the balance of this cost.7. Ins