Agreement For Hire Legal Draft Template

This Agreement is

made at ... this ... day of.... between Mr. A carrying on business at ...

hereinafter referred to as 'the Owner' of the One Part and Mr. B residing at

... hereinafter referred to as 'the Hirer' of the Other Part.Whereas the Owner is

carrying on business of dealing in furniture and has its office and showroom at

...And Whereas the Hirer

has agreed to take on hire some pieces of furniture for furnishing his newly

purchased and occupied Flat at ... and which the Owner has agreed to give on

hire to the Hirer on the following terms and conditions.Now It Is Agreed

Between The Parties Hereto As Follows: -1.

The

Owner agrees to give on hire and the Hirer agrees to take on hire the items of

furniture which are mentioned in the Schedule hereunder written for a period of

... years (or as long as the Hirer desires). The said furniture has been

delivered by the Owner to the Hirer and the latter acknowledges receipt

thereof.2.

The

Hirer agrees to pay to the Owner by way of hire charges a sum of Rs. ... in

lump for all the Items of furniture mentioned in the Schedule hereunder

written. for each month.3.

The

said charges will be paid by the Hirer to the Owner in advance on the 5th day

of each month hereafter during the period the hire continues. The proportionate

hire charge for the current month has been paid by the Hirer on the execution

of this agreement.4.

The

hire charges will be paid by the Hirer as aforesaid at the place of business of

the Owner aforementioned punctually on or before the 5th day of each month as

before mentioned.5.

The

Hirer covenants with the Owner that ;a. He will make payment

of the hire charges every month punctually as aforesaid.b. If there is default

in payment of any instalment on the due date, the Hirer will pay interest on

the amount of each monthly charge at the rate of Rs. ... per cent per month for

the days of delay. This provision is without prejudice to the right of the

Owner to take any other action for breach of the covenant as herein provided.c. He will not remove

the said items of furniture or any of them from the said flat in which the

Hirer is at present residing. without the written consent of the Owner.d. He will maintain the

said furniture in good condition, subject to normal wear and tear. If any

damage is done to any of the said items of furniture he will make it good by

carrying out repairs through the Owner and he will pay the repair charges to

the owner separately.e. If any of the said

items is stolen or otherwise lost or destroyed or damaged beyond repairs, the

Hirer will pay the price thereof as per the Owner's catalogue of prices then

prevailing or In force, irrespective of whether the Hirer is or is not

responsible for such loss, destruction or damage. If the loss or destruction or

damage occurs, the Hirer will make it known to the Owner in writing immediately

after such loss or damage. Subject to payment of the amount of loss or damage

by the Hirer, the Owner will either substitute the lost or damaged item or will

reduce the Hire-charges proportionately.f. He will allow the

Owner or his authorised agent to inspect the said furniture as and when

required between 9 a.m. and 6 p.m. on any day but such Inspection shall not be

for more than once in a month.g. He will not part with

possession of the furniture or any item in favour of any other person.h. He will not sell,

hypothecate or pledge the said furniture or any item thereof.1.2.3.4.5.6.

The

property in the said furniture will always remain with the Owner, and the Hirer

will hold the same as a bailee.7.

The

Owner is not liable for any defects in the said furniture or any item thereof

and the Hirer has taken inspection thereof and is satisfied with the condition

thereof.8.

The

Hirer will not do any act or omit to do any act by which the right of the Owner

to the said furniture will be prejudiced.9.

If

the Hirer does not want to continue the hire he will give atleast fifteen days'

notice to that effect to the Owner and on the expiration of the said period

mentioned in the notice, this agreement will stand terminated.10.

If

the Hirer commits breach of any term or covenant contained in this agreement,

the Owner will be entitled to terminate this agreement by fifteen days' prior

notice and on the expiration of the said period this agreement will stand

terminated.11.

If

this agreement is terminated by the Hirer or the Owner as aforesaid or by

efflux of time or duration of this agreement as aforesaid, the Hirer shall at

his own costs, return the said furniture forthwith. If he fails to do so,

within eight days from the termination, he will be liable to pay to the Owner a

sum of Rs. ... being the present price of the furniture together with all other

amounts payable by him to the Owner under any of the provisions of this

agreement. This is without prejudice to the right of the Owner to take back

possession of such furniture by due process of law.12.

The

termination of this agreement for any reason will not prejudice or affect the

right of the Owner to recover from the Hirer any amount payable by him to the

Owner by virtue of this agreement.IN WITNESS WHEREOF

the parties have put their respective hands the day and year first hereinabove

written.THE SCHEDULE ABOVE

REFERRED TOList of furniture.Signed and delivered

by the withinnamed Owner ... in the presence of ...Signed and delivered

by the withinnamed Hirer ... in the presence of ...