whereas: the lessor is desirous of leasing the vehicle to the lessee on such terms as are set out in this lease agreement, and the lessee for his part is desirous of leasing the vehicle from the lessor on said terms. 2. obligations of the lessor it is agreed that the lessor shall make the vehicle available to the lessee for the duration of this car lease agreement to be collected from the place of collection on the date of collection. you can amend this clause to allow for other uses (such as recreational), or you can replace this with a clause stating: “it is agreed that the lessee may put the vehicle to any reasonable use they see fit.” this section refers to loss that one party or the other may incur as a result of the lease agreement.

any amounts refundable to the lessee shall be paid at the time this lease is terminated. if the actual value of the vehicle is less than the residual value, lessee will be liable for any difference up to three (3) times the monthly payment. all notices required or permitted under this lease shall be deemed delivered when delivered in person or by mail, postage prepaid, addressed to the appropriate party at the address shown for that party at the beginning of this lease.