The Lease Agreement with Addendum in Franklin is a formal document outlining the terms between a Lessor and a Lessee for the leasing of an automobile. The agreement details the duration of the lease, monthly rent obligations, and responsibilities for maintenance, insurance, and repair of the leased vehicle. It specifies that the Lessee must maintain the automobile in good working condition, obtain required licenses, and can be reimbursed for state-mandated inspections. Additionally, it stipulates the reimbursement for fines incurred during the lease period and emphasizes that the automobile should not be used for illegal purposes. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this form serves as a comprehensive framework for establishing leasing arrangements while ensuring all legal obligations are met. It is particularly useful for navigating disputes, as it provides clear remedies for defaults and outlines the obligations of both parties. The form is also designed for straightforward filling and editing, allowing easy customization to fit specific leasing situations.
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