If you drive a car, you`re essentially paying a company for the right to drive a car they own for a set period of time, normally two or three years. Their payments must cover the depreciation of the car during this period, so they are often cheaper than a car loan on an equivalent vehicle. Leasing can also be a good way to drive a newer model car for a relatively low cost. PandaTip: In this car rental example, the “owner” is the person who owns the vehicle and the “renter” is the person who will rent it. The renter is not required to be an authorized driver (the list of drivers can be found in Appendix B). The tenant can be a natural or legal person (such as a company). If the tenant is a natural person, you must amend the above clause to reflect this fact. The lessor is not responsible for damage caused to the user by the delay in delivery of the vehicle or damage caused to the user by the malfunction of the vehicle during the rental period. The lessor has the right to terminate the rental agreement and immediately take possession of the vehicle if the user does not act in accordance with any provision of these general terms and conditions or the rental agreement or if the vehicle is damaged. Termination of the rental service under these provisions does not call into question other rights of the lessor mentioned in these conditions and in the rental agreement. This contract is drawn up in two identical copies, one being kept by the user and the other by the owner.