A simple one page Rental Agreement, front and back.

  EQUIPMENT RENTAL AGREEMENT

 

      This AMA LLC rental Agreement made on this ________________, 20____  between _______________________ (“transit district”)        with a mailing address of _________________________________________, City of _______________________, State of     

        ___________________________________ AND AMA LLC owned by Ralph Hoiland and or William Hoiland, Las Vegas, NV

 

   AND IN CONSIDERATION of the mutual promises and agreements contained herein, the Transit District agrees to rent the AMA         monitors from AMA LLC owned by Ralph Hoiland

 

  1. Equipment: AMA LLC agrees to Rent the equipment described below to the Transit District Here in named as                            ____________________________________________: Mailing Address:__________________________________________________

 

     Each unit shall include: One custom 27” Monitor with attached Media Player and all  necessary wiring along with a strong            swing-arm bracket that is lockable for safety reasons and a baseboard holding such bracket with Power converter, and                    power cable housing along  with a one 40 foot power harness. 

         At all times the above property will remain the sole property of AMA LLC and or Ralph G Hoiland.

         The above mentioned property shall be Rented wholly by the Transit District.”.

 

   2. Term: This Agreement shall be considered as a - Month-to-Month rental agreement for a fixed number of years. [ 10 or               15  years ] to be agreed to between the parties. This time  will start when the last unit is installed.

  

  3. Rent: The Transit District  shall pay AMA LLC, in monthly installments of $85 per unit, with a minimum of 10 units per bus.             [20 units is normal.]  {Ten units each side}.  The Rent shall be due on the 1st of every month (“Due Date”) and paid under the           following instructions: Rent starts on the 1st of the month following the receipt of each shipment.

   4. Security Deposit: As part of this Agreement:

         The Transit District is required to make a security deposit in the amount of $250 per unit. This is due to the fact that the AMA             monitors are out of the control of the owner. Payment of the Security Deposit is required by the Transit district upon receiving             of each unit. The Security Deposit shall be returned to the District within 30 days after the end of the rental agreement.  If                 agreed on in advance, this deposit could be applied to monthly payments at the end of the rental agreement. AKA the last               three [3] months.

  5. Agreed number of units: 20 units per bus unless more of less are agreed a pond in advanced.

  6. Length of time:  Rental time of this agreement shall be #_______of years. Minimum 10  or more.  At the end of this                time all units will be returned to owner, AMA  LLC, unless an extension  of time is agreed upon in writing.

  7. No attempt: To circumvent this agreement by replacing these units with a different vendor or by the Transit District. In the           event this is done, all  units are to be returned to owner and  the rental agreement will stay in effect to the end of this rental               agreement.​

 

 

          SIGNITURES TO BE DETERMINED LATER.

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