Maryland Pipe & Supply Equipment Rental Form And Waiver (Page 2 of 3) in pdf

(13)

Any other unreasonable or intentional abuse or misuse

(14)

Key left in equipment or vehicle.

(15)

Theft is not a loss and is not covered under damage waiver.

COST: Damage waiver is 10% of the total Rental.

SIGNATURE_______________________________

Date

_______________________________

LEASE AGREEMENT TERMS AND CONDITIONS

Lessor, Maryland Pipe & Supply Co, hereby agrees to lease to Lessee the equipment described on the face of this agreement or in attached

schedules in accordance with the following agreement:

1 – Title and Ownership: The leased equipment shall at all times be and remain the sole and exclusive property of the Lessor. Lessee shall have

only the rights to use the equipment in accordance with the terms of this agreement. Lessor shall have the right to display a notice of its

ownership of the equipment by display of an identifying stencil, plate or other marking and Lessee agrees that it will not remove or cover such

markings without the written permission of Lessor. It is expressly intended and agreed that the equipment shall be personal property even

thought it may be affixed or attached to real estate. The equipment shall not be removed from the place of delivery or installation without the

expressed written permission of Lessor.

2 – Inspection: Lessee acknowledges that he has had an opportunity to personally inspect the equipment and finds it suitable for his needs and

in good condition. Lessee understands its proper use. Lessee further acknowledges Lessee responsibility to inspect the equipment prior to its

use and to notify Lessor of any defects.

3- Replacement of Malfunctioning Equipment: If the equipment becomes unsafe or in disrepair for any reason, Lessee agrees to discontinue

its use and to notify Lessor. Lessor will repair or replace the equipment with similar equipment in good working order if available and if the

defect is the result of normal use, Lessor is not responsible for any incidental or consequential damages caused by delays or otherwise, and

Lessee hereby waives any right or entitlement thereto.

4 – Warranties: Lessor is not the manufacturer of the rented property, nor the agent of the manufacturer, and no warranty against patent or

latent defects in material workmanship or capacity is given and Lessee expressly waives all such warranties of fitness which may be accorded by

law or otherwise. There are no warranties of merchantability or fitness, either express or implied. There is no warranty that the equipment is

suited for customers intended use, or that it is free from defects, and any and all such warranties of fitness or otherwise are expressly and

specifically waived by customer.

5 – Hold Harmless Agreement: Lessee shall defend, indemnify and hold harmless Lessor, its employees, agents and subsidiaries from and

against all claims, liabilities, losses, damages to property or otherwise, and expenses of every character whatsoever resulting from the actions,

negligent or otherwise, of Lessee, Lessee’s employees and agent of Lessee or Lessee subcontractor. The indemnities included in this exhibit

shall include reasonable attorney fees paid by Lessor in defending suit and actions involving liability covered by the indemnification provision in

this paragraph.

6 – Time of Return: Lessee right of possession terminates on the expiration of the rental period and retention of possession after this time

constitutes a material breach of Lessee’s obligations under this contract. Time is of the essence in this agreement. Any extension must, at

Lessor’s election, be mutually agreed upon in writing.

7 – Assignments, subleases and loans of equipment – The Lessor may assign its right under this contract without the Lessee’s consent, but will

remain bound by all obligations herein. The Lessee may not sublease or loan the equipment without the Lessor’s written permission. Any

purported assignment by the Lessee is void.

8- Return of Equipment – At the termination of this agreement, Lessee shall return all the equipment to Lessor’s premises during Lessor’s

regular business hours, in the condition and repair as when delivered to Lessee, subject only to reasonable wear and tear. Lessee shall be liable

for all damages to or loss of the Equipment occurring because it was not returned within Lessor’s regular business hours. If Lessor has agreed

to deliver the Equipment to Lessee or to pick up the Equipment from Lessee, Lessee shall be responsible for all losses or damage to the

Equipment from the time of delivery to Lessee and until picked up by Lessor.

9 – Inspection by Lessor – Lessor shall, at all times, have the right to enter any premises where the Equipment may be located for purposes of

inspecting it, observing its use, or removing it from Lessee’s premise.

10 – Permits and Licenses – Lessee shall, at its own expense and prior to the installation of the equipment, provide all necessary permits,

licenses, and other consents.

Maryland Pipe & Supply Equipment Rental Form And Waiver Page 2

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