a vehicle lease agreement is a document used to reflect a contract made between a vehicle owner, known as the lessor, and someone who pays the owner to possess and use the vehicle for a predetermined period of time, known as the lessee. however, the agreement may also be used with any other motor vehicle that has a vehicle identification number (vin) and license plate. this document contains all of the information necessary to create a thorough and complete vehicle lease.

in the event of theft or damage to the vehicle that results in a total loss, there may be a gap between the amount due upon early termination and the proceeds of your insurance settlement and deductible. in consideration of the mutual covenants and promises in this lease the sufficiency of which the parties acknowledge, the lessor leases the vehicle described in this lease to the lessee, and the lessee leases the vehicle from the lessor on the following terms: the lessee will ensure that the lessor is named as registered owner, and as “additional insured” and loss payee in the insurance policy (the “insurance policy”). the depreciation and any amortized amounts plus the interest charge ………………………………………………………… a vehicle leasing agreement is a contract made between a vehicle owner (lessor) and someone who pays the owner to have possession of the vehicle for a predetermined period (lessee).