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Bike Rental Contract

This Rental Agreement is between Bicycle Junction, LLC Bike Rental (Lessor) and the person listed below (Lessee); WHEREAS, the Lessee wishes to lease from the Lessor the bicycle(s) and/or recreational equipment outlined in their order confirmation. NOW THEREFORE, for and in consideration of the rental of the equipment set forth hereinabove. It is agreed as follows:

Lessee acknowledges receipt of the described personal property the parties agree that the property was inspected by Lessor and personally examined by Lessee at the time of delivery to and acceptance by Lessee and that the property was in good and serviceable condition. Title to the rented property is and at all time shall remain in Lessor Only the parties hereto and such other persons whose names are endorsed hereon are authorized to use said property, and Lessee will not permit said property to be used by any other person without the express consent of Lessor. Parties agree that Lessor is not the manufacturer of said property nor the agent of the manufacturer and that no warranty against patent or latent defects in material, workmanship or capacity is given. Lessee agrees that in the event of any of the property becomes unsafe or in a state of disrepair, Lessee will immediately discontinue the use thereof and promptly return it to the Lessor Upon receiving such property, if its’ condition is not the fault of the Lessee. Lessor agrees to substitute such property with property of like kind and in good working condition. Upon termination of this agreement of this agreement. Lessee will promptly return the rented property and all attachments and parts belonging thereto, to the Lessor at Lessor’s place of business, in the same condition in which such property was received, ordinary wear and tear excepted and agrees to pay for any damage to or loss of such property while in the possession or control of Lessee hereunder. In the event that Lessor must resort to litigation or recover for damages caused to or loss of such property. Lessee also agrees to pay Lessor’s reasonable attorney fees and court costs.

Lessor shall not be liable in any event to Lessee for any loss, damage of any kind or character resulting from defects or in efficiency of the lease property. Lessee agrees to indemnify and save harmless the Lessor against all loss, damage, expense, and penalty arising from any action on account of any injury to person or property of any character occasioned by the operation, handling or transportation of the leased property during the rental period or while the property is in the possession or control of Lessee. Lessee will not retain the leased property beyond the “Due In” time without prior notice to and the consent of Lessor thereto Lessee will pay rental price in advance or immediately upon the return of the property. Lessee agrees to pay all collection charges, including a reasonable attorney’s fee if the rental is not paid when due. Lessor, at Lessee’s sole discretion may report property stolen if held one (1) day beyond “Due In” date Lessor, at Lessor’s sole discretion, may revert all charges to the daily rate if any statement or invoice is not promptly paid Lessor will not refund on any item out for over thirty (30) minutes. Lessee understands and accepts the risks involved and, to the extent allowable under Virginia State Law, assumes responsibility for all injuries or damages to the Lessee arising out of the use of said property by Lessee. The property rented hereunder shall be DUE IN at the time indicated on the order confirmation.

Lessee shall assume liability for any persons listed below:
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Rentals returned over 15 minutes late will be charged an additional hour’s rate of $5.00.

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