Yamaha Aerox SP 2025

Terms and Conditions for Motorcycle Rental (Yamaha Aerox SP 2025) Owner: [Your Full Name] Contact Number: [Your Contact Number] Address: [Your Address] Motorcycle Details: Yamaha Aerox SP 2025, Plate No. [Plate Number], Color [Color] --- 1. Rental Agreement By renting the motorcycle, the Renter agrees to all terms stated herein. The Owner retains full ownership of the vehicle and grants temporary use only during the rental period. --- 2. Rental Period and Payment Rental rate: ₱1,000 per day (includes up to 150 kilometers of usage). Any excess distance will be charged ₱30 per additional kilometer. A ₱2,000 security deposit is required before release of the unit. Full payment and deposit must be settled upfront. The rental period begins upon release and ends upon the motorcycle’s return in good condition. Late returns will incur an additional ₱200 per hour beyond the agreed time. --- 3. Usage Restrictions The motorcycle shall not be used for racing, reckless driving, or illegal activities. The motorcycle must only be operated by the authorized renter with a valid driver’s license. The renter must comply with all traffic laws and regulations. The motorcycle shall not be sub-rented, sold, or transferred. --- 4. Care and Maintenance The renter must handle the unit responsibly and report any damage or malfunction immediately. Any damage, loss, or theft during the rental period is the renter’s full responsibility. The renter shall bear the cost of repair or replacement (based on the authorized Yamaha service center’s estimate). The unit must be returned with the same fuel level as when received. --- 5. Accidents and Liability In case of an accident, the renter must notify the owner immediately. The renter is liable for any damage to property, injury, or death caused during use of the motorcycle. The renter shall bear towing, impound, or legal fees resulting from misuse. The owner is not responsible for any loss, injury, or damages incurred during use. --- 6. Security Deposit and Return The security deposit will be refunded only after the motorcycle is returned in the same condition (excluding normal wear). Any deduction for damage, missing parts, or late fees will be taken from the deposit. --- 7. Termination The owner reserves the right to terminate the rental agreement without refund if the renter violates any condition herein.