Docstoc Legal Agreements
This Lease of Personal Property can be used by individuals for renting or leasing out a
piece of personal property, and not real estate. The agreement sets forth the material
terms of the lease including provisions regarding payment, indemnification, termination and
the term of the lease. It contains numerous standard clauses as well as opportunities for
customization to fit the needs of the parties. This document is useful to individuals or
businesses located in South Carolina seeking to lease personal property.
®
DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR
OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. They are for general guidance and should be modified by you o r your
attorney to meet your specific needs and the laws of your state. Use a t your own risk. Docstoc, its employees or contractors who wrote or modified any
form, are NOT providing legal or any other kind of advice and are not creating or entering into an Attorney -Client relationship. The information and forms
are not a substitute for the advice of your own attorney. Use of this document and our service are deemed to be your acknowledgement and agreement to
the following: The disclaimers and links on this page and the back page(s); our Terms of Service (http://www.docstoc.com/popterm.aspx?page_id=15), and
read more here (http://www.docstoc.com/popterm.aspx?page_id=114) for additional disclaimers and more. You also agree that if you are not the person
using the document and services that you will provide such person(s) wh o will be with these front and back disclaimer pages. This document is not
approved, endorsed by, or affiliated with any State, or governmental or licensing entity.
Entire document copyright © Docstoc®, Inc., 2010 - 2013. All Rights Reserved
LEASE OF PERSONAL PROPERTY
This Lease of Personal Property (hereinafter the “Lease”) is made on _____ [Month] _____
[Date], 20_____ [Year] by and between ________________________________ [Instruction:
Insert the name of lessor], residing at _______________________________ [Instruction:
Insert the address of lessor] (hereinafter “Lessor”) and ________________________________
[Instruction: Insert the name of lessee], residing at _______________________________
[Instruction: Insert the address of lessee] (hereinafter “Lessee”). Lessor and Lessee may
individually be referred to as “Party” and collectively as the “Parties”.
WHEREAS Lessor is the sole owner and wishes to lease the personal property described in
Exhibit A attached hereto and made a part hereof, all of which is hereinafter the “Leased
Property”;
WHEREAS, Lessee wishes to lease the Leased Property from Lessor on the terms and
conditions contained herein.
NOW THEREFORE the Parties agree upon the following terms and conditions:
1. Term.
The term of this Lease shall commence on _____ [Month] _____ [Date], 20_____ [Year]
and end on _____ [Month] _____ [Date], 20_____ [Year] [Instruction: Insert the period
for which this Lease is to be enforced i.e. commencement and ending date]. Lessee shall
have the right, subject to the consent of Lessor, to extend the term of this Lease for the period
of ________ (___) [Instruction: Insert the period of time, e.g., eleven (11)] months after
the expiration of the above term by giving written notice thereof to Lessor at least ________
(___) [Instruction: Insert the period of time, e.g., ten (10)] days before the end of the
above term on the same provisions as set forth herein.
2. Lease Payments.
In consideration for the leasing of the above described Leased Property, Lessee agrees to pay
to Lessor for use of such Leased Property a sum of ________ ($___) [Instruction: Insert the
amount of rent, e.g., fifty dollars ($50)] per month, the first payment of which is payable at
the beginning of term of Lease, and thereafter, on or before the first (1st) day of every month
during the entire term of the Lease pursuant to [STATUTE]. Such payment shall be made at
Lessor’s address or any other address designated by Lessor.
3. Tax.
Except as may be otherwise provided herein, Lessor shall be liable for all taxes assessed
against the Leased Property or upon the possession or use thereof during the term hereof, and
shall be liable for sales and use taxes applicable to the rental of the Leased Property
hereunder.
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2
4. Indemnification.
Lessee s