HomeMy WebLinkAbout2281 ~ 253595
F. K. BAUER iz2a2 Pt~K~ B[nCM
H_ W. BAUER rMON[ ~93-S/ss
OwNCRS sUN CITY. ARIZONA d53s1
I~OR~'~BI~~ DIF~~I~ I~O~~R
~a/io»-wi~e K~wfo~ Sewiee
LEASE-RENTAL AGREEMENT .
THIS AGREEMENT made and entered into in duplicate this ~th day of February 19 ~3
by and between FRANK K. BAUER and HELEN W. BAUER, as owners of PORTABLE DIESEL POWER, 12242
Pebble Beach, Sun City, Arizonas h
ieu~ia°~er a,`e~l't~'~b'fhe First Party and E. E. Chandier ,
CHANDLER EQUIPMENT C0. INC. 507 S. 33rd St. FT. PIERCE, FiA_ 33450
hereina[ter referred as the Second Party, WITNESSETH:
That the Second Party is engaged in the rental equipment business. That for the mutual benefit oi the
parties hereto it is prnposed that the First Party ship to the Second Party from time to time certain items of
eyuipment to be stored and warehoused by the Second Party, free of storage or handling charges to F~rst Farty,
said equipment to be stored at Second Party's place ot business known as
CHANDLER EOl1IPMENT CO ING 5~7 S 3~rd St_ Q, pIFRC.E.,_FLA. 33450
IN CONSIDERATION of the agreements ot the Parties as hereinaiter set forih is is agreed between the .
parties as follows:
1. First Party will ship to the Second Party in such quantity and at such times as shall be mutually
agreed upon between the Parties, ior rental use, Portabel Diesel Electric Plants and/or Air Cooled Diesel
Air Compressors and Air Tools or other equipment, suitable for renting to building and construction
- contractors and others.
2. The title to the eyuipment so shipped by the F9rst Party to the Second Party under this Agreement shall
remain in the F~rst Party. ~
3. Second Party agrees to pay~ to the First Party a good faith deposit as agreed upon in advance of ship-
ment of each unit, to be retained by First Party during the liie of this agreement as a guarantee of perform-
, ance and to protect First Party against depreciation and return freight charges. First Party agrees to
refund said deposit to Second Party upon termination of this agreement less any amount that may be due
First Party at time of termination.
' 4. Upon the rental of said equipment try the Second Party, the Second Party shall have the right to remove
the equipment trom storage at Second Party's place oi business and shall conform to rental procedures
issued by First Party. All Rentals of said equipment must be written up on Rental Contract forms suppli~d
by Second party and si~ed try the Renter or his authorized agent.
5. No equipment shipped under t6is agreement shall be removed bq the Second Party, his agents or repre-
sentatives from t6e place of storage except as hereinabove provided, without the written consent of the First
Party.
6. Second Party agrees to permit the First Party or their representatfve to cdeck said equipment at any time
during business hours.
7. Second Party agrees to keep tde equipment so stripped to Second Partq under this Agreement adequately
insured against all losa or damage by reason of fire, lightning, windstorm, civil commotion; vandalism,
! malicious mischief, collision, upset, overturn, theft or other causes of any kind whatscever by paying First
E Party annual insurance premium charges in advance, covering All-Risk insurance carried by First Party
under Machinerq & Equipment Floater Policq with the Insurance Company of North America, Philadelphia, Pa.
~ In case of toss or damage, regardless oi cause, when loss or damage is discovered, Second Party agrees to
~ promptly notify First Pariy in writing.
~ 8. Second Party agrees to pay freight charges on all shipments ot equipment made by First Partq to Second
Party's warehouse.
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