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Document Id : 3438
File Type : Microsoft Word
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Bailment Agreement for Vehicle
Place your vehicle temporarily in the care of another person with this template Vehicle Bailment Agreement.
- A Bailment Agreement would be used in situations where the vehicle will be in someone else's possession for a period of time but not on lease or rental, such as if you loan the vehicle to someone or if you are storing the vehicle on another person's property.
- The bailee (person taking charge of the vehicle) is responsible for looking after the vehicle and returning it in the same condition as when it was bailed.
- The bailee indemnifies the vehicle owner against all liability arising when the bailee had possession of the vehicle.
- The owner may terminate the agreement prior to its expiry for any misuse or neglect of the vehicle by the bailee.
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