Description
A Late Return Fee Addendum Template helps rental businesses establish clear policies for late returns of vehicles, equipment, or property. This specialized document clearly defines late return periods, fee structures, and payment terms that protect rental companies from revenue loss due to delayed returns.
Your Download Package
- Customizable Microsoft Word document (.docx) with user-friendly formatting
- Ready-to-use PDF document for immediate implementation
- Clean professional layout with proper section organization
- MS Word one-click checkboxes for simple form completion without special software
Template Contents
- Clear definition of what constitutes a late return
- Flexible grace period options with multiple timeframe choices
- Comprehensive late fee structure with various calculation methods
- Maximum fee cap provisions to ensure fair practices
- Extended unauthorized use consequences section
- Payment method specifications for collecting late fees
- Detailed extension request process with advance notice requirements
- Geographic jurisdiction specifications with customizable location fields
- Professional signature blocks for both parties
- Integration clause connecting to main rental agreement
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