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Trailer Lease Agreement
"Need a Trailer Lease Agreement for a fleet of 5 refrigerated trailers to be leased to a Singapore-based logistics company for 3 years starting March 2025, with monthly maintenance checks and an option for the lessee to purchase after the lease period."
1. Parties: Identification of lessor and lessee, including full legal names and registered addresses
2. Background: Context of the lease arrangement and purpose of the agreement
3. Definitions: Key terms used tHRoughout the agreement
4. Lease Term: Duration of lease, commencement and termination dates
5. Rental Payments: Payment terms, amounts, and schedule
6. Delivery and Return: Conditions for trailer delivery and return
7. Maintenance and Repairs: Responsibilities for maintaining the trailer
8. Insurance Requirements: MaNDAtory insurance coverage and responsibilities
9. Liability and Indemnification: Allocation of risks and responsibilities
1. Option to Purchase: Terms for potential purchase of trailer - include when lessor offers purchase option
2. Subletting: Terms for subletting the trailer - include if subletting is permitted
3. Cross-Border Use: Terms for using trailer outside Singapore - include if international use is contemplated
4. Special Equipment: Terms for additional equipment provided - include when trailer includes special features
1. Schedule 1 - Trailer Specifications: Detailed description of trailer, including registration number, make, model, and condition
2. Schedule 2 - Rental Payment Schedule: Detailed breakdown of payment dates and amounts
3. Schedule 3 - Maintenance Schedule: Required maintenance intervals and procedures
4. Appendix A - Condition Report: Initial condition report with photographs
5. Appendix B - Insurance Requirements: Detailed insurance specifications and minimum coverage
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