The COMPANY rents to the renter the vehicle describe on page 1 subject to all terms and conditions contained herein and consideration thereof, the RENTER acknowledges and agrees:
To pay in accordance with the stipulation and computations on page 1
That the RENTER will return said vehicle together with the original tires, tools, accessories, and equipment to the COMPANY'S office address on due dates or as otherwise specified or sooner upon the demand of the COMPANY;
That rentals on Monthly basis COMPANY reserves that right to inspect the vehicle on any given time or require the RENTER to present the vehicle to officer or representative of the COMPANY upon demand thereof;
That the RENTER received the vehicle in good order and condition and shall endeavor to return the same in good condition and acknowledges liability for the cost of petrol oil consumed during the rental duration unless otherwise stipulated and scratches incurred;
That the said vehicle not be operated in the following areas/situations;
a. To carry passengers or property for a consideration, express or implied;
b. By any person who has given to the COMPANY a fictitious name or false age or
address;
c. To propel or tow vehicle or trailer;
d. In motor sports events; In practice driving;
e. To transport goods in violations of customs regulation or in any other illegal manner;
f. By any person under the influence of liquor, alcohol, drugs;
The RENTER expressly acknowledge personal liability to pay the COMPANY upon demand;
a. The rate specified covered by said vehicle during the term of rental;
b. Time, collision, damage, waiver & miscellaneous charges at the rate specified on
the front page thereof;
c. All fines and court costs for parking, traffic or legal violation assessed against said vehicle, except where it caused through the fault of the COMPANY;
Failure of the RENTER to pay the obligations after the expiration of the agreement shall make him liable for the payment of 25% interest per annum based on the total contract price without need of any demand;
The COMPANY shall not be liable for mechanical failure of said vehicle or consequential damages, RENTER shall not authorize anybody to repair or change part of said vehicle without prior knowledge or approval of the COMPANY. FLAT TIRE costs in care of RENTER.
That the vehicle shall remain the property of the COMPANY and in case of default by the RENTER of any term/condition the COMPANY reserves the right to intermediate repossession of the vehicle and all expenses borne by the RENTER;
That in case RENTER'S obligation referred to a lawyer, and it is hereby agreed that the Attorney's fees shall be paid by the RENTER at the rate of 25% of the amount due but in no case shall it be less than P5,000.00;
That any false information given by the RENTER shall entitle the COMPANY to rescind this contract without further notice and demand. Immediate return or repossession of the vehicle from the RENTER.
That in case of damages to the vehicle due to accidents or other causes, the RENTER shall be liable on the following;
a. Towing of the vehicle to its point of origin or place designated by the COMPANY;
b. Secure police report;
c. Payment for a car insurance's participation of P2,000.00 or a maximum of P7,000.00
Any delay in the return of the vehicle without any device/notice to us, shall be unlawful withholding, subject to civil and criminal liability. If after 72 hours (3 days) we do not hear/received any advise whatsoever, we will automatically report the vehicle missing to the Constabulary Anti-Carnapping group.
Failure to pay the rental of the motor vehicle on agreed date or upon violation of the RENTER to any terms and conditions of this Agreement the COMPANY shall have the absolute right to pull out said vehicle at any time default by the RENTER or any of the terms herein the COMPANY reserves the right to immediate repossession of right to report or declare the said vehicle as carnapped or stolen, if renter's fail to surrender voluntary the said vehicle a day after expiration of this Rental Agreement.
That in case of total loss or damage to the vehicle due to theft, accident or ANY OTHER
CAUSES, the RENTER is obliged to pay the COMPANY the first P50,000.00
The COMPANY will not be held liable for any criminal cases which may arise while the vehicle is in use by the RENTER or his driver or representative.
That any excess made by RENTER of the stipulated 24 hours per day rental will be charged 1/6 of the daily rate per hour of excess or as stipulated; CANCELLATION of booking will be changed the minimum 1 day rental based on regular daily rate of the vehicle, or as stipulated in the front page;
The COMPANY is not responsible for any injury or death to the RENTER and/or thepassengers arising from any accident or other causes while in use of the vehicle;
Other terms and conditions are stipulated on the other side of this Contract.