A furniture rental agreement is a contract between a Lessor and a Lessee to enable the rental of specific furniture items. The furniture rental process has a lot of moving parts, which is why this furniture rental agreement template does the heavy lifting for you by including all of the essential terms and conditions that should be present.
This LEASE AGREEMENT ("Agreement") is created and entered into, by and between [Lessor.FirstName] [Lessor.LastName] of [Lessor.Company] located at [Lessor.StreetAddress] , [Lessor.City] , [Lessor.State] [Lessor.PostalCode] ("Lessor") and [Lessee.FirstName] [Lessee.LastName] of [Lessee.Company] ("Lessee").
The Lessor agrees to lease the following list of items of furniture to the Lessee for (period of time) in accordance with the terms and conditions of this Lease Agreement. This Agreement shall go into effect on (month, day, year).
(List furniture items to be leased line by line)
(List quantity of items to be leased line by line)
Be as specific as possible when you’re describing the furniture that’s being rented, e.g., “HomeHeart Wood Coffee Table, Espresso (Large).” List whatever identifiable characteristics relate to the item(s), like the brand, color, purpose, and size, so that it’s clear what items are being leased.
The Lessee shall pay the amount of $(rental amount) to the Lessor, payable (state payment structure, e.g., the 15th day of every month, every 12th month, etc.) until the termination of this Agreement. Lessor shall also pay a transportation charge of $(transportation fee), plus tax and an insurance charge of $(insurance fee).
For each payment not received by Lessor within (number) days after the due date, Lessee will be charged a late fee in the amount of $(late fee amount). This late payment charge shall be in addition to Lessor’s other remedies in the event of default. In addition to late payment charges, Lessee will be charged compound interest of (interest amount)% per month on all delinquent payments where allowed by law.
A $(number) handling fee will be charged for any check returned to Lessor by your bank. A replacement certified check or cash must be delivered to Lessor within 24 hours from the time notice has been given to the Lessee of the check return.
The Lessee shall secure and deposit $(amount) to the Lessor as security for possible damage during the term of use. The security deposit shall be given to the Lessor at least three months before the onset of this Agreement.
The Lessor prohibits the use of the piece(s) of furniture beyond the agreed business functions, which includes using the pieces of furniture for (describe the agreed upon functions for which the furniture will be used, e.g., staging, video production sets, etc.). The Lessee shall only use the furniture for the purposes described herein. It is the Lessee’s responsibility to maintain the property, keep it in good condition, and return it to Lessor at the end of the Lease Term or otherwise as required by this Agreement, in the same condition as when received by Lessee. Ordinary wear is excepted.
It’s best to find out the purpose for which the Lessee intends to use the furniture so that you understand and can tailor the agreement to encompass all potential damages that may arise. It’s also why it’s important to include a clause like this that requires the Lessee to inform and request permission from the Lessor should they wish to use the property for another purpose.
If you fail to return the Leased Property as required, you will be liable to Lessor for its full retail value (Lessor's current retail price) in addition to all other payments and charges identified in this Lease Agreement.