New Trail LLC1641B Washington Plaza NorthReston, VA 20190
EQUIPMENT RENTAL AGREEMENTThe “Renter” is the individual who fills out this form. The “Company” referred to is New Trail LLC. The equipment rental agreement states the agreement of the parties as follows:
RENTAL EQUIPMENT SUBJECT TO THIS CONTRACT. New Trail LLC will rent the bike specified in a previous communication via email - serial number and bike number included in the contract sent via email to the Renter’s account on file.
PAYMENT TERMS. The rental payments shall be due in advance of the rental. The payment terms are a minimum of 4 week rental then week by week after the 4th week is completed. Rentals are Saturday to Saturday. Credit card must be held on file in order to be rented.
NON-SUFFICIENT FUNDS. The Customer shall be charged $25.00 for each declined charge that is not remedied within the first 24 hours of default.
RISK OF LOSS OR DAMAGE. The Customer assumes all risks of loss or damage to the equipment from any cause, and agrees to return it to the Company in the condition received from the Company, with the exception of normal wear and tear. The Company or their appointed agent will determine normal wear and tear. All determinations made by the Company are final. The Renter will pay the cost to replace the damaged bike. If the Bike is returned in repairable condition, the Renter agrees to pay Heartline Fitness or any other repair company chosen by New Trail LLC to repair said bike.
RENTAL TERM. This Rental shall begin on the above effective date and shall terminate on return in fully working condition to the Company’s facility. If the equipment has to be repaired to return it to a fully working state the equipment will continue to be Rented until it is repaired. The Rental period will end only when the equipment has been returned to a fully working state. At any time the Company has the right to terminate the Rental with 3 days notice. If the Company terminates the Rental due to re-opening, any loss of rental time shall be prorated and returned to the Renter. If the bike is not returned on time, the Renter will continue to be charged. If the studio opens before the bike is returned, rent shall double.
CARE AND OPERATION OF EQUIPMENT. The equipment may only be used and operated in a careful and proper manner. Its use must comply with all laws, ordinances, and regulations relating to the possession, use, or maintenance of the equipment, including registration and/or licensing requirements, if any. The full manufacturer’s use and maintenance guide is available here: https://corehandf.com/product/schwinn-ac-power/
PICK UP AND DROP OFF TERMS. By signing this agreement Renter is stating he/she has watched the video of how to properly move and load the bike provided by the Company. The Renter understands he/she will NOT have the help of any representative of New Trail LLC to load and unload equipment. Any damages incurred during pick up and drop off are the sole responsibility of the Renter.