Vehicle Attachment Agreement

3. Against the delivery of this vehicle to the tenant, the tenant has in advance an amount of Rs. ….. It`s paid for. as the first instalment on the rent (the receipt that the owner confirms attached) and will be occasionally to the owner in his place the sum of Rs. …. pay each month`s calendar as rent for the rental of the vehicle in question, the first payment on the …… Day of ………… and any subsequent payment on the ………… Day of each next month. During the continuation of the hiring the tenant has – 12. All disputes, disputes and/or claims arising from this agreement are settled through arbitration proceedings pursuant to the provisions of the Indian Arbitration Act, 1940 or an amendment to the Indian Arbitration Act and referred to Shri`s exclusive arbitration…. or in the event of death, refusal, negligence, inability to act as an arbitrator for Shri`s exclusive conciliation….

The arbitrator`s award is final and engages the parties. The agreement will continue for the duration specified in the attached schedule, unless it is terminated earlier, as planned for the agreement. As a general rule, the landlord sends the rental agreement for reading and examination to the tenant. If the tenant agrees to the terms and conditions, the tenant signs the agreement. The agreement is then signed by the lessor and the vehicles and equipment indicated are passed on to the lessor. vii The vehicle in question must not be used or used against a law at this time. 4. If the tenant takes due account of all the conditions contained in it and must be carried out, he fulfils his benefit and pays the landlord the amount covered in point 3, as well as all other amounts: if they are paid to him in accordance with the provisions of this Agreement, the tenancy will end and the vehicle in question will be the property of the tenant and the landlord will transfer and make all his rights and interest on the tenant, but the tenant has the option to purchase the vehicle in question at any time during the rental period by paying, in a lump sum, the balance of all rents and other expenses indicated above and incurred by the landlord. Until all of the above payments are made, the vehicle remains the property of the owner. This car rental agreement represents the entire agreement between the parties with respect to this lease agreement.