If it’s your first time to engage in a containers rental, then, it may be quite tricky for you to know what should be the inclusions in the contract. Basically, the Containers Rental Agreement will enable you to fully understand the liabilities and responsibilities of both you and your container company partner. It is an important thing to always read the contract fully prior to signing. Why is it very important to understand the terms and conditions? It is so that both of you fully understands your responsibilities and that no one is left unknowing of the consequences. Containers rental is a give and take situation. You give your contractor the money, while you make use of his containers. The containers rental agreement should also be notarized, in order for it to be more effective. Hence, what should be the inclusions in the agreement?
The Basic Details
First off, the container rental company should provide you with a “contact form”. The contract form should include the contract series, the company’s registration number, the name and address of the registered owner, the schedule; it should also include your details as a lessee of the container. Hence, the agreement should ask you to provide your business name, the nature of your business, the full name of the owner, the address, and pertinent contact details.
The Container
The agreement should provide for the agreed size and weight of the cargo, the current container location, and the place as to where it will be situated, the detailed description of the container, and its container code, if applicable, the term of rental in months, the installation date, the monthly rental rate, the frequency of payments, the bond, if there is one, the other costs that should be paid, the initial rental installment and the total cost of the contract.
Acknowledgement
The agreement should clearly emphasize the condition of the container. The renter then warrants that he is satisfied with the condition of the container prior to renting it.The Renter shall at its own risk be responsible for pick up, return and loading of the container. The Renter shall provide a flat site which is easily accessible for a truck carrying such a container. The site should consist of a level, stable platform able to support the weight of the container and any goods stored within. The rental company retains the ownership of the shipping container.
Maintenance and Inspection
The Renter shall at its own expense, maintain the container in good repair, condition and working order without any exception for damage however caused.
The Renter shall from time to time upon request, allow the container rental company personnel to view the exterior and interior of the container for the purposes of inspection, maintenance, or for the fixation of identifying marks thereto. All accessories, container, replacement parts or other articles incorporated or installed in or affixed to the container shall become part of the container and title shall ipso facto pass to the container rental company.