RENTAL AGREEMENT

This Rental Agreement (“Agreement”) is made and entered into on this [current_date], by and between:

Lessor (Owner): BLOX

Lessee (Renter): [customer_name]

WHEREAS, the Lessor agrees to rent out the [product_name] to the Lessee under the terms and conditions outlined in this agreement.

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TERMS AND CONDITIONS

1. Rental Property/Vehicle Details

1. The Lessor agrees to rent out the following property/vehicle to the Lessee:

Type: Car

Model/Description: [product_model]

Registration Number (if applicable): [insert_number]

Condition: [product_condition]

2. The Lessee confirms that they have inspected the property/vehicle and found it in acceptable condition.

2. Rental Period

The rental period shall begin on [start_date] and continue:

For a duration of [tenure], or

On a month-to-month basis until terminated by either party with written notice.

3. Rent and Payment Terms

1. Rent Amount: The Lessee shall pay a rental fee of QAR [loan_amount] per Month.

2. Payment Schedule: Rent is due on the [due_date_first_installment] of each month.

3. Payment Method: Payment shall be made via Bank transfer or Cash.

4. Late payments may incur a penalty of 0 per day.

4. Security Deposit

1. The Lessee shall pay a refundable security deposit of QAR [insert_amount] before taking possession.

2. The deposit will be refunded upon termination of the agreement, subject to deductions for damages or unpaid dues.

5. Responsibilities of the Lessee

1. The Lessee shall use the property/vehicle responsibly and for its intended purpose only.

2. The Lessee is responsible for routine maintenance and minor repairs during the rental period.

3. The Lessee shall not sublease or transfer this agreement without the Lessor’s written consent.

4. The Lessee shall notify the Lessor immediately of any damages or required repairs.

6. Responsibilities of the Lessor

1. The Lessor ensures that the property/vehicle is in good condition and fit for use.

2. The Lessor shall handle major repairs not caused by the Lessee’s negligence.

7. Insurance

1. The property/vehicle is insured by the Lessor for [property_tenure].

2. The Lessee shall be responsible for any damages not covered by the insurance or caused by their negligence.

8. Termination and Return

1. Either party may terminate this agreement with Zero written notice.

2. Upon termination, the Lessee shall return the property/vehicle in the same condition as received, except for normal wear and tear.

9. Governing Law

This agreement shall be governed by the laws of Qatar.

10. Dispute Resolution

Any disputes arising from this agreement shall be resolved amicably. If unresolved, they shall be referred to arbitration in accordance with Qatar laws.

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SIGNATURES

Lessee (Renter)

Name: _______________________

Signature: ___________________

Date: ________________________

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This template provides a basic structure for a rental agreement. Ensure it is reviewed and customized to meet the specific needs of your rental terms and local legal requirements.