Food Truck Lease Agreement Template

This FOOD TRUCK LEASE AGREEMENT (hereinafter referred to as the “Agreement") made and entered into this [Document.CreatedDate] by and between:

(Lessor Name)(hereinafter referred to as "Lessor"); and (Lessee Name) (hereinafter referred to as “Lessee”).

HEREINAFTER, the Lessee agrees to lease the Food Truck from the Lessor under the following terms and conditions:

Food Truck Information

Food truck name:

Food truck type:

Model and year:

Food truck ID number:

Food truck license:

Food truck odometer:

Rent/Payment

The rent to be paid for this Lease Agreement shall amount to $_______, payable on the ______ day of every month. The first full rent payment under this Lease Agreement is due on the ______ day of ____________, 20____. 

In the case of late payments, a $(amount) per day penalty shall be imposed and shall not be waived. Rent is considered late when it is not paid within (insert amount) day(s) after the due date. 

Specified area

Lessee agrees to use the Food Truck for commercial purposes only within (area) as its territory during the term of this Agreement.

Responsibilities

Lessee represents and warrants that it is appropriately licensed and certified to operate a food truck and offer food services and that it will maintain all proper licenses, certificates, and permits required during the period of this agreement. Lessee also agrees that the:

A. Driver(s) will maintain proper driver’s license and other certificates or permits as required.

B. Employees operating in the city premise shall be dressed in proper uniforms or any other suitable clothing as discussed with Lessor.

C. Fee or rates charged by the Lessee for its food services shall be as per fair market price.

D. Comply with all relevant federal, state, and local guidelines concerning food and safety.

E. NOT participate in prohibited advertising on the Food Truck 

Security Deposit

As a part of this Agreement, the Lessee shall deposit a sum of $(amount) as a security deposit for any damage caused to the Food Truck during the term hereof. Security deposit is required from the Lessee at the execution of this agreement. Within 30 days of the termination of this Agreement, the Lessor will refund to the Lessee the entirety of the security deposit funds, less any funds that have been retained to cover the amount due to the Lessor under this agreement. 

Modifications to the food truck

The Lessee is not permitted to paint or otherwise modify or materially alter the Food Truck without the prior written consent of the Lessor.

Insurance coverage

During the term of the Agreement and until the return of the Food Truck, it is the responsibility of the Lessee to maintain insurance as acceptable to the Lessor. Lessee shall adhere to the minimum coverages as applicable. 

A. Theft, fire, and collision coverage each for the implied cash value of the vehicle with a maximum deductible of $(amount); 

B. Liability insurance for $(amount) per person, $(amount) in case of bodily injury or death, and $(amount) in case of property damage. 

Termination

Check one

Lessee shall have the right to terminate this Agreement at any point in time by informing the Lessor with written notice at least (days) before. Additionally, the Lessee will be liable to pay an early termination fee of $(amount).

During the notice period, the responsibility to pay the rent will be on the Lessee.

In the case, the Lessee is unable to comply with the terms and conditions of the agreement, misrepresents any fact on the rental application, or the rental payment has been delayed beyond the (number) business day of the calendar month, then this Agreement shall be terminated by the Lessor. 

However, the Lessor shall have to provide the Lessee with appropriate notice and adhere to the procedures required as per the law of the (state).

Lessee shall not have the right to terminate the Agreement early.

Indemnification

The Lessee agrees that the Lessor cannot be held liable for the occurrence of any liabilities, including but not limited to accidents, loss of property, injuries, and/or the death of any person.

Rights of access

The Lessor and/or Lessor’s agents shall have the right to enter the Food Truck during normal business hours for inspection, repairs, or any other genuine purpose. 

However, the Lessor shall give prior notice at least (number) hours before to the Lessee.

In case of an emergency, the Lessor and/or its agents can enter the premises without any prior notice. 

Governing Law

This agreement will be governed under the laws of [Lessee.State], and the venue of any dispute arising over this Agreement shall be in the (City), (State). 

IN WITNESS WHEREOF, each of the parties has executed this Food Truck Lease Agreement: