Rent to Own Agreement

Please read and sign this before before purchasing.

RENT-TO-OWN AGREEMENT 

This Rent-to-Own Agreement (“Agreement”) is entered into on [Date] _________ by and between Food Carts On Demand LLC (“Owner”), and _______________________  (“Renter”). 

1. DESCRIPTION OF CART 

Owner agrees to rent-to-own to Renter the following food cart (“Cart”): 

• 24” Grill 

• 1 Deep Fryer 

• Stove (Burner) 

• 6 Compartment Steam Table 

• 3 Compartment Sink 

• 1 Handwash Sink 

Exclusions: This Cart does not include a generator, permits, title, plates, or VIN. 

2. PURCHASE PRICE & PAYMENT TERMS 

• Total Price: $17,000 

• Down Payment: $6,000 (due at signing of this Agreement, non-refundable) 

• Monthly Payment: $1,000 per month, beginning [Date]____________________. 

• Payments shall continue until the full purchase price is paid in full. 

3. OWNERSHIP 

Legal ownership of the Cart shall remain with Food Carts On Demand LLC until all payments are made in full. 

Upon final payment, ownership will transfer to Renter and Owner will provide a Bill of Sale. 

4. DEFAULT & REPOSSESSION 

If Renter fails to make payments for two (2) consecutive months, this Agreement will be considered in default. 

In the event of default, Owner has the immediate right to reclaim the Cart. 

Any payments made prior to default are non-refundable. 

5. MAINTENANCE & RESPONSIBILITY 

Renter accepts the Cart in its current condition “AS IS.” 

Renter is solely responsible for all repairs, maintenance, permits, licensing, insurance, and compliance with NYC health and safety regulations. 

Owner makes no guarantees or warranties as to the Cart’s fitness for a particular purpose. 

6. VEHICLE IDENTIFICATION / TITLE 

The parties acknowledge and agree that the Cart is not a motor vehicle and therefore does not have or require a Vehicle Identification Number (VIN), title, or license plates under New York State or New York City regulations.

Renter understands and accepts that it is their responsibility to obtain any permits or licenses required for lawful operation. 

7. NO ASSIGNMENT 

Renter may not transfer, sublease, or assign this Agreement or the Cart without written permission from Owner. 

8. GOVERNING LAW 

This Agreement shall be governed by and construed under the laws of the State of New York. 

9. ENTIRE AGREEMENT 

This Agreement constitutes the entire understanding between the parties and may only be modified in writing signed by both Owner and Renter. 

SIGNATURES 

Food Carts On Demand LLC (Owner) 

Name: ___________________________                    Signature: ___________________________

 Date: _________________________

________________________________________________________________________________

Renter:

 Name: _________________________ Signature:: __________________________

 Date: __________________________


GPS Tracking Disclosure & Consent Agreement

This Agreement is entered into on [Date], by and between:

  • Owner/Lessor: Food Carts On Demand LLC, a [State] limited liability company, located at [Address] (“Owner”), and

  • Renter/Lessee: [Renter’s Full Name/Business Name], located at [Address] (“Renter”).

 

 

1. Tracking Device

The Renter acknowledges and agrees that the food cart rented from Food Carts On Demand LLC is equipped with a GPS tracking device.

 

 

2. Purpose of Tracking

  • The tracking device is used solely for security and theft-prevention purposes.

  • Owner does not use the device to monitor Renter’s business operations, customer activity, or personal use beyond the scope of this Agreement.

 

 

3. Renter’s Consent

By signing this Agreement, the Renter:

  • Consents to the installation and use of the GPS tracking device,

  • Understands that the device may record location data while the vehicle is in use,

  • Waives any claim against Food Carts On Demand LLC regarding the use of such tracking data for security purposes.

 

 

4. Confidentiality of Data

Any data obtained from the GPS device shall be used only by the Owner for:

  • Recovery of the vehicle in the event of theft,

  • Verification of unauthorized removal or abandonment of the vehicle,

  • Compliance with law enforcement requests.

Owner will not sell, share, or disclose tracking data to third parties except as required by law or as necessary for security.

 

 

5. Breach of Agreement

Tampering with, disabling, or removing the tracking device constitutes a material breach of the rental agreement and may result in:

  • Immediate termination of the rental,

  • Additional fees.,

  • Legal action and recovery of damages.

 

 

Signatures

Owner/Lessor 
 Food Carts On Demand LLC

Signature: _____________________  Date: ______________________

Renter/Lessee

Name/Title: ___________________ Signature: __________________
 Date: ________________________