Truck Rental Agreement
Truck Rental Agreement
Truck Rental Agreement
This Truck Rental agreement is between VT Trinidad Rental, referred to hereafter as “owner”
and DLFG Construction, referred to as “customer”. By signing this agreement, the customer
named above unconditionally agrees to all of the terms of this agreement.
POSESSION: Customer agrees to assume full responsibility of rented equipment and return the
equipment in good condition and repair, reasonable wear and tear excepted. Customer also
agrees that the equipment shall remain in their immediate possession and shall not be
subleased, loaned or permitted to be used by any other person or entity.
PAYMENT: Customer agrees to pay the monthly rental rate of Php 35,000.00. Customer also
agrees to pay for any additional charges incurred as a result of the rental including, but not
limited to, mileage, fuel, traffic/parking violations and all other charges as they relate to the
rental of the truck. However, if the vehicle is unable to be used on whatever circumstances
whomever may have caused it, the regular rental rate will be nulled, instead a daily rental rate
will be applied until the whole month is complete.
LOSS OR DAMAGE: Customer agrees to be fully liable for and shall at Customer’s expense
replace any part of the rental equipment and its attachments which are lost, stolen, missing,
broken or damaged from any cause whatsoever, including without limitation, acts of God, riots,
fire, theft, acts of other parties and all other causes over which the Customer may not have
control. Customer will be responsible for payment of said losses without allowance or
consideration of depreciation. Customer also agrees to be responsible for any lost rent as a
result of said losses. Owner agrees to help with minor damages to the extent of their mechanic’s
abilities.
LIABILITY: Customer assumes full risk in the use and operation of the rental equipment.
Customer agrees that Owner, its officers, employees or any representative shall not be liable for
any loss or damage to Customer, nor to anyone else, of any kind and howsoever caused,
whether by the vehicle, or the repair, maintenance, or equipment within the vehicle. However, if
the vehicle is seized due to failure of the vehicle itself or its parts, and not because of human
error or due to previous handling, Customer is not held liable.
This agreement contains the entire understanding between the Customer and Owner and may
not be modified except by another agreement in writing signed by both parties.
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Signature of Authorized Representative - DLFG Construction
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Printed Name of Authorized Representative - DLFG Construction
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Date
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Signature of Authorized Representative - V.T. Trinidad Rental
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Printed Name of Authorized Representative - V.T. Trinidad Rental
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Date