About the document:
This agreement covers lease of generator mostly taken by the companies to overcome power supply shortfall and in some circumstances to confirm statutory compliance of not using the power supply for commercial use in notified peak hours. Though designed primarily to protect the interests of the lessee (Hiring Company) of the generator, both sides can have a fair deal. The essence of this agreement is to make sure each side fulfills its bargain to the other. In our document both sides get what they expect.
Who will use this document?
Any one wanting to take on lease or let out generator including for business(es), office, workshop, factory, shop, bank and/or similar use;
Key features:
· all usual basic provisions to protect your interest;
· sub letting not allowed;
· explanatory notes to cover every issue including need for stamp and registration;
· flexible to suit peculiar situations;
· Fuel expenditure responsibility;
· Maintenance responsibility carefully fixed;
This document includes provisions for:
· compliance with relevant laws;
· rent payment - monthly in advance;
· Retention Money; Security Deposit;
· premature termination;
· inspection by Lessor; to view or show prospective lenders or buyers;
· Condition and Repairs;
· Insurance;
· dispute resolution;
· Governing law and jurisdiction;
· Operation and safety;
