Rental conditions

1.1. Lessor – Ranoja OÜ

1.2. Lessee – is a person with whom the Lessor has concluded an Agreement (legal or natural person);

1.3. Party – is the Lessor or the Lessee;

1.4. Agreement – the Assets Lease Agreement concluded between the Parties;

1.5. Assets – a tool, device or other asset rented under the Agreement, the list of which is given in the Agreement;

1.6. Object – the address of the use of the leased Property;

1.7. These rental conditions are an integral part of the contract.

1.8. The provisions of the Law of Obligations Act on the rental agreement apply to this contract.

2.1. The lessee, by concluding the Agreement, also confirms that:

2.1.1. there are no circumstances and the grounds for their emergence in the future, which would exclude, prevent or delay the fulfillment of the obligations stipulated in the Agreement or resulting therefrom, either in whole or in part.

2.1.2. has familiarized himself with the rented Property before concluding the Agreement, is aware of the technical condition, that the Property accepted by him is in working order and he has no claims.

2.1.3. he/she has been informed and instructed by the Lessor in advance about the rules for the exploitation of the Property, maintenance and safety requirements.

2.1.4. the lessee has all the necessary and required skills for the technical use of the Property.

2.1.5. the lessee agrees to the disclosure of the debt in public default registers and to third parties.

2.1.6 gives consent to Ranoja OÜ to process his personal data.

3.1. The contract is open-ended, unless the Parties have agreed otherwise.

3.2. The agreement enters into force upon signing it and ends when the Property is returned to the Lessor’s possession. The transfer of the transport order is not considered to be the termination of the rental agreement.

3.3. The first day of the rental of the property is considered to be the day of signing the Agreement, and the rent is calculated for all days of the week /starting from the signing of the Agreement/ unless otherwise agreed between the Parties.

3.4. The transfer of the property to the Tenant is confirmed by the Tenant’s signature on the Agreement. The lessee’s signature on the Agreement is also a confirmation of chapter 2.1. to the said circumstances.

3.5. The Lessee has the right to return the Property to the Lessor at his discretion during the Lessor’s working hours, unless the Parties have agreed otherwise.

3.5.1. Rent must also be paid for the day the property is returned, except if the property is returned before 10:00 a.m

3.5.2. The Lessee agrees that the Lessor will carry out an inspection of the condition of the Property within 5 working days after return. If the Tenant wants an immediate inspection, the Lessor must agree to it. The Lessor is obliged to allow the Lessee to be present during the inspection of the Property.

3.6. If the Agreement has been unilaterally terminated and the Property has not been returned within 10 days, the Lessor has the right to demand compensation 5.2.6. to the extent specified in point

3.7. In case the Lessor detects:

3.7.1. Property becoming unusable,

3.7.2. If the property’s value is apparent (more than the wear and tear resulting from the proper use of the property), the Lessor has the right to demand from the Lessee, at its own discretion:

3.7.3. compensation to the extent stipulated in clause 5.2.6

3.7.4. require the Lessee to reimburse the costs associated with the repair/replacement of the Property.

3.8. Claims regarding the return of the property will be reviewed within 5 working days.

3.9 The contract can only be changed on the basis of a written agreement.

4.1. The currency valid in the Republic of Estonia is considered to be the means of payment: euro

4.1.1. The rental fee is calculated 7 days a week (unless otherwise agreed) and is paid on the basis of invoices.

4.1.1.1 The lessor has the right to increase the rental price by giving 30 days notice.

4.1.2. Invoices are issued with a payment term of 7 days, unless otherwise agreed in the rental agreement. Invoices are sent to the address/e-mail address specified in the Agreement.

4.2. The Lessor has the right to demand from the Lessee a late payment of 0.5% per day of the unpaid amount due on time. The lessee is obliged to compensate the expenses related to the collection of unpaid rent/damage claims etc.

4.3. The rental fee does not include expenses related to transportation, assembly/disassembly, fuel, lubricants, etc. daily maintenance of the rented Property.

4.4. The rental price does not include transport costs. The transport order must be submitted at least 2 working days in advance.

4.4.1. The transport price is stated in the contract.

4.4.2. Upon termination of the contract by the Lessor, if the Lessee fails to return the Property, he is obliged to compensate the costs or value of the Property.

5.1. The tenant has the right to:

5.1.1. use the Property independently in accordance with the Agreement.

5.1.2. submit a written objection to the invoice issued by the Lessor within five (5) days from the issuance of the invoice.

5.1.3. terminate the Agreement early by giving 10 days’ notice.

5.2. The tenant is obliged

5.2.1. pay rent and fulfill other obligations in accordance with the Agreement;

5.2.2. to use the Property according to its intended purpose and in a prudent manner

5.2.3. in the event that a fault occurs in the rented Property, the lessor must be notified immediately, as soon as possible on the day of discovery of the fault. The Lessee does not have the right to repair the Property himself. In the event that the fault pointed out by the Lessee turns out to be unjustified, the Lessee is obliged to compensate the damages caused by the above;

5.2.4. compensate the damage caused to the Property in his possession at the first request of the Lessor;

5.2.5. At the end of the contract, return the Property to the Lessor in a condition no worse than it was at the time of handover to the Lessee, taking into account normal wear and tear; use the Property in a prudent manner, making the necessary expenses to maintain the condition of the Property at one’s own expense;

5.2.6. In case of loss, unusable, destruction, etc. of the Property, to pay compensation to the Lessor in an amount that corresponds to the retail price of a similar new Property if the Property cannot be restored. Upon restoration, pay the repair costs:

5.2.7. return the rented Property cleaned or reimburse the cleaning costs;

5.2.8. not to sublease the Property or to third parties without the written consent of the Lessor;

5.3. within five (5) working days to inform the Lessor in writing about the change in the Object of use of the Property.

5.4. to do everything possible to preserve the Property (i.e. avoid theft, loss, destruction of the Property, etc.) and keep the Property prudently.

5.4.1. Follow the regular maintenance schedule and ensure access for maintenance and inform the Lessor about the necessity of maintenance.

5.5. It is prohibited to take rental property out of the territory of the Republic of Estonia.

6.1. The lessor has the additional right stipulated in the law and the Agreement in advance:

6.2. To unilaterally cancel the contract, demand the return of the Property and/or compensation for the damage caused and/or compensation of the Property if:

6.2.1. Due to the lessee’s action or inaction, the condition of the Property deteriorates and/or there is a risk of its loss, damage, or becoming unusable.

6.2.2. If the Lessee fails to notify of a change in the use of the Property or has notified the wrong object, files for bankruptcy, has failed to pay bills or on other grounds provided by law.

6.3. The lessor is obliged to give 5 (five) days written notice of termination of the Agreement.

7.1. The risk of accidental destruction of the Property, as well as the obligation to compensate for damage caused by a source of greater danger related to the possession of the Property, is transferred to the Lessee from the moment the Property is transferred to the Lessee.

7.2. The Lessee bears full and unconditional responsibility for the preservation of the Property from the transfer of possession from the Lessor to the return of the Property to the Lessor.

7.3. Destruction, loss or damage of property for reasons beyond the control of the Lessee is not Chapter 7.2. as a basis for reducing or releasing said liability.

7.4. The lessor is not responsible for possible damages due to the breakage, use or impossibility of use of the Property;

7.5. The Lessor is not responsible for material damages that the rented Property may cause and/or the Lessee may suffer due to the failure of the Property, unless the Parties have agreed otherwise.

7.6 A 10-year time limit applies to the expiration of claims arising from the lease agreement.

8.1. Contract ends:

8.1.2. in the case of an open-ended Agreement, upon return of the Property by the Lessee;

8.1.3. in the event of destruction of the leased Property;

8.1.4. on other grounds provided by law.

8.2. The contract may be terminated:

8.2.1. By agreement of the parties;

8.2.2. On the basis of the contract or the law;

8.2.3. According to clause 6.2; 6.2.1; 6.2.2; on the basis given.

9.1. If no agreement is reached, the disputes will be resolved in the court of the Republic of Estonia.