Free Personal Property Rental Agreement
An agreement by which one party leases personal property to another party for a period of time.
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Suppose your neighbor wants to borrow an item of personal property that you own, such as a power washer or a weed eater. You could lend it to them in good faith, hoping they’ll return it within a reasonable length of time. Or, you could have them sign a Personal Property Rental Agreement to create a binding arrangement between the two of you.
The Personal Property Rental Agreement contains terms regarding the length of the rental, the amount charged for rent, and other provisions. The agreement also protects both the parties in the event one of them violates the terms of the rental agreement.
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