rental terms

1. OBJECT OF THE CONTRACT

1.1. The Lessor hands over, and the Lessee accepts, the equipment and/or inventory owned and/or managed by the Lessor (hereinafter referred to as "Equipment") for the period specified in the Contract, in accordance with the terms and conditions of the Contract, along with all rights and obligations discussed in the Contract.

1.2. For each individual unit of Equipment, a Handover-Acceptance Act is drawn up, which records the specific Equipment, its name, inventory/chassis number, quantity, value, rental price, fee calculation, and payment procedure, as well as any circumstances relevant to the rental of the Equipment.

1.3. The ownership rights to the Equipment remain with the Lessor for the duration of the Contract.

1.4. The Lessor may provide the Lessee with additional services related to the transportation, installation, dismantling of the rented Equipment, operator services, repair work, and cleaning of the Equipment, specifying the services and price in the Handover-Acceptance Act or by concluding an additional agreement to the Contract. The Lessor may transfer the Equipment and other materials to the Lessee by formalizing waybills.

1.5. The fact of handing over the Equipment to the Lessee serves as the Lessor's assurance that the Lessor agrees and understands that the Equipment transferred to the Lessee will be used for the purposes specified in the preamble of the Contract.

2. LESSOR'S RIGHTS AND OBLIGATIONS

2.1. The Lessor may not interfere with the Lessee unless it pertains to the regular technical maintenance of the Equipment.

2.2. The Lessor and the person signing the Contract on behalf of the Lessor guarantee the Lessee that the Lessor has the right to rent the Equipment to the Lessee in accordance with the provisions of the Contract.

2.3. The Lessor is responsible for the technical condition of the Equipment. In the event of any malfunctions, the Lessor is obligated to remedy them at their own expense as soon as possible or agree with the Lessee on the execution of repairs at the Lessee's expense and to coordinate the repair costs, reimbursing the Lessee's invoice within 30 calendar days or covering the claims through mutual offsetting.

3. LESSEE'S RIGHTS AND OBLIGATIONS

3.1. The Lessee must comply with the labor and technical safety requirements set out in the legal acts of the Republic of Lithuania throughout the entire rental period, and must use, maintain, and preserve the Equipment with necessary technical preparation, proper understanding, and due care, and also ensure the required energy and lubricants for the Equipment's daily use at their own expense according to the user manual provided by the Lessor.

3.2. The Lessee has no right to sublease the Equipment to third parties without the Lessor's knowledge.

3.3. The Lessee must make payments to the Lessor for the use of the Equipment as specified in this Contract.

3.4. Upon completion or early termination of the Contract, the Lessee must return the Equipment to the Lessor with a written Handover-Acceptance Act signed by both parties.

3.5. The Lessee has no right to pledge the Equipment, sell it, or otherwise encumber it with real or obligation rights.

4. RENTAL PRICE AND PAYMENT PROCEDURE

4.1. The parties agree that the rental price and the price for additional services are determined in the Handover-Acceptance Act.

4.2. The working day for the Equipment is calculated as 8 working hours. If the working hours are exceeded, the rate for each additional hour is determined according to the agreed hourly average price. Working on weekends for up to 4 hours is charged at the hourly rate. If the 4-hour limit is exceeded, the rental is calculated as a full day (8 working hours) or at the hourly rate (if exceeding 8 working hours).

4.3. The Lessor issues a VAT invoice to the Lessee upon the return of the equipment or at the end of the current month.

4.4. The Lessee must pay the rental price for the use of the Equipment to the Lessor within the agreed period from the date of issuance of the VAT invoice.

4.5. If the rent is not paid within the time specified in this Contract, the Lessor has the right to calculate late payment interest, which is 0.2% of the outstanding rental amount for each day of delay.

4.6. The rental price is considered fully paid only when all the funds are transferred to the Lessor's current account or paid at the Lessor's cash desk.

5. HANDOVER AND ACCEPTANCE PROCEDURE

5.1. The Lessor hands over the Equipment to the Lessee for use after both Parties sign this Contract and the Handover-Acceptance Act, which is considered an integral part of this Contract and serves as the factual confirmation of the transfer of the Equipment.

5.2. Upon the expiration of the Contract period or upon early termination of the Contract, the Lessee must return the Equipment to the Lessor within 3 calendar days, with both parties signing the Equipment Handover-Acceptance Act. The Lessee must return the Equipment to the Lessor in no worse technical condition than it was received, fully assembled, except for normal wear and tear.

6. LIABILITY OF THE PARTIES AND TERMINATION OF THE CONTRACT

6.1. All disputes shall be resolved by mutual agreement of the Parties, and if that is not possible, disputes shall be referred to the courts of the Republic of Lithuania.

6.2. The Lessee is materially responsible for all direct losses incurred by the Lessor due to the Lessee's actions.

6.3. The Contract may be terminated by mutual agreement of the Parties, as well as in the cases specified in this Contract.

6.4. The Lessee has the right to terminate the Contract at any time before the expiration date by informing the Lessor in writing ten days in advance.

6.5. Neither party may transfer the rights (including, but not limited to, assignment) and obligations under this Contract to any third party without the written consent of the other Party. If the terms of this clause are violated, the responsible Party must pay the other Party penalties equal to the amount corresponding to the material value of the rights and/or obligations, expressed in monetary terms. The obligations mentioned in this clause do not apply to the Lessor's right to re-rent the Equipment.

For the conclusion of the Contract and rental conditions, please contact us using the provided contact details.