Wet Hire Agreement

Many companies rent devices for third parties to use or operate them themselves. This is called the dry lease. It is unlike a water rental contract where you can provide an operator with the merchandise. A dry lease is therefore the right to rent the item or machine, and a water lease is the right to rent the machines and services it presents. What if something happens to the shovel during the rental period? If you rent z.B. a party tent and a patron rips it up at an event, you want to make sure that it is the tenant who is responsible for the damage and not your business. You can use a template to write a water lease and then have it checked by a lawyer. Then you have to write it in the form of an agreement – these are called dry leases and wet hire agreements, depending on the type of recruitment you have, you need to clarify your responsibilities in your corresponding agreement. In the event of a dry rental, the person who hires it by you is responsible for operating it during the event. As the owner of devices and machines, you understand the importance of keeping these objects in the best possible shape. You cannot rent damaged goods. Their customers want functional devices, but they may not be as well informed as they are used, processed or operated.

That`s why a water lease makes sense. It allows you to rent your equipment with the staff to manage and operate it. What is the difference between a dry rental and a wet rental? The terms and conditions to be included in your lease depend on whether it is a wet or dry lease. This article explains the clauses you need to include in a dry lease to best protect your business. If you have z.B a shovel, you can borrow it either as a product yourself (shovels) or as a more service product (shovel and operator). In the first case, use a dry lease. In the second, you use a water rental contract. It is important to outline specific risks related to your business to ensure that the tenant is responsible for all these risks. It is a legal document that defines the conditions for the rental of equipment, machinery or vehicles and the personnel responsible for handling them.

These agreements are useful for companies that offer special equipment for rent, for example. B audiovisual equipment. The party that rents the equipment does not need to look for professionals to manage and operate the equipment while you deliver it, and everything is presented in a document. A dry lease protects your rights and obligations, so you are not responsible for accidents that can occur with the shovel they rent from you. It is important to include it in the rental agreement so that the tenant understands that you can use the security loan if you damage the equipment or if you do not return it on time. Here you can deduct the loan from any damage caused by the tenant. You should include in your agreement a term specifying how the equipment becomes the property of the tenant.