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The Lease Agreement with Addendum in Wake outlines the terms and conditions of an automobile lease between the Lessor and Lessee. Key features include a specified lease term, rental payment obligations, and responsibilities for vehicle maintenance and insurance. Lessees must keep the vehicle in good working condition and cover associated costs such as gasoline and repairs, with Lessor responsible for inspection costs. The form includes detailed clauses for default scenarios, allowing Lessor to reclaim the vehicle or lease it to another party. This agreement is useful for attorneys, partners, owners, associates, paralegals, and legal assistants who require a clear, legally binding contract for automobile leasing, ensuring both parties understand their rights and responsibilities. The straightforward design of the lease facilitates easy filling and editing, making it accessible to users who may not have extensive legal knowledge.
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