Equipment Lease Agreement Malaysia

PandaTip: Use this section to enter specific information about devices to read. It is recommended that you always include a detailed description of the equipment and all the accessories available to the customer. The tenant recognizes the equipment and terms of this agreement. The tenant must keep the property in good condition.B. The tenant is responsible for all damage caused, which means that the tenant will cover all repair costs.C. The tenant is responsible for the loss of the equipment. The tenant agrees to pay for or replace the equipment.D. For changes.E. The tenant is required to return the equipment to good condition. 21. FULL AGREEMENT. This agreement, including all the parts added to it and which are part of this agreement, constitutes the entire agreement between the lessor and the lessor with respect to the purpose of this agreement. This agreement replaces all agreements, representations or prior transactions between the contracting parties.

11. MAINTENANCE AND REPAIR. The tenant must, at the tenant`s expense, maintain the equipment in good condition of repair and operation in order to allow for proper wear and tear. These costs include work, equipment, parts and similar items. Neither this lease nor any interest in it can be transferred or transferable through legal conduct. If a bankruptcy procedure as amended is initiated by the tenant or against the tenant, or if the tenant is deemed insolvent: either when the taker makes an assignment for the benefit of his creditors or when a letter of seizure or execution is issued on the device and is not released or executed within ten (10) days, or if a liquidator is appointed in a procedure or act that is the tenant entitled to take possession or control of the device, the lessor has one or more of the remedies covered in Section 14; this lease ends immediately at the landlord`s choice and is not considered an asset of the taker after the exercise of this option. 7. MAINTENANCE AND OPERATION. The device must be used and used with care and regularity. Its use must comply with all laws, regulations and regulations relating to the possession, use or maintenance of the devices, including registration and/or licensing requirements, if any. 8.

INSURANCE. The tenant insures the equipment to the tune of at least [dollar AMOUNT dollar] dollar ([NUMERIC DOLLAR AMOUNT]). 4th CAUTION. In addition to the rental fee, the tenant must pay a deposit of [WRITTEN DOLLAR AMOUNT] dollar ([NUMERIC DOLLAR AMOUNT]) before receiving equipment and at the time of signing this contract. This deposit is refunded to the tenant at the end of the agreement, subject to the possibility for the lessor to apply it in exchange for the costs or damages incurred. All amounts refunded to the tenant are paid at the time of termination of this equipment lease. The deposit is paid at an annual interest rate of [PERCENTAGE RATE] % of the payment date to the lessor until the day of repayment based on the total amount of the deposit. PandaTip: This section treats z.B the owner in case the appliances are defective and the tenant loses production costs, time, materials, etc. The tenant cannot then sue the landlord for damage due to the defective equipment. 6.

SITUATION. The equipment must be located at [CUSTOMER ADDRESS] for the duration of the agreement and cannot be removed from this location without the prior written consent of the owner. PandaTip: This agreement was drafted so that the equipment would be leased at a daily price and for a longer period of time.

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