Rental agreement for movable property
First of all: Movable property includes items that are – as the name suggests – movable from one location to another. By contrast, property, buildings, or parking spaces are not movable property.
The rental agreement for movable property is different from that of a loan or lease. A loan is for items that are borrowed for free. In the case of leasing, the lessee bears the risk of maintenance: For example, they must pay the repair costs of the leased vehicle. Unlike these two forms, for rental the use of the movable property is associated with costs (for a fee).
Rental agreements for movable property do not necessarily need to be documented in writing to be legally valid. However, we always recommend concluding a contract in written form. A rental agreement can serve as proof in any potential disputes at a later time.
Our agreement template can help.