Form Overview
The Automobile Lease documents the right of the Lessee to use an automobile as well as payment and maintenance obligations. These arrangements are common for employees with demanding local travel needs. Key issues include selection and acceptance of the automobile, vehicle specification and definition, rental amounts and due dates, Lessor remedies for default and Lessee maintenance obligations. Such arrangements typically allow Lessee to purchase the vehicle at the end of the Lease term at Fair Market Value. The Automobile Lease will typically impose insurance requirements on Lessee and allow Lessor to recover the vehicle and payments due in the event of default by Lessee under the Agreement. Lessee typically indemnifies Lessor for any claims arising in connection with use of the vehicle by Lessee. You can find answers to your questions using our extensive library of
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