Fleet Lease Agreement

Lessor: [Leasing Company Name] · Lessee: [Business Name] · Date: [Date]

1. Fleet Vehicles

Lessor leases the following vehicles to Lessee: [List — make, model, VIN, for each unit], for use in Lessee's business operations.

2. Term and Payments

Term: [Duration] per vehicle. Monthly payment: [Amount] per vehicle, total fleet payment: [Amount], due on the [Day] of each month.

3. Mileage and Usage

Included mileage: [Number] miles per vehicle per year. Excess mileage billed at [Amount] per mile at lease end.

4. Maintenance

[ ] Lessor provides scheduled maintenance, included in the lease payment. [ ] Lessee is responsible for maintenance per manufacturer schedules, with records provided to Lessor upon request.

5. Drivers

Lessee is responsible for ensuring all drivers are properly licensed and that vehicles are used only for authorized business purposes.

6. Insurance

Lessee maintains commercial auto insurance for each vehicle, meeting at least [Minimum coverage], naming Lessor as an additional insured/loss payee.

7. Vehicle Additions/Removals

[Describe the process for adding or removing vehicles from the fleet during the lease term, and any associated fee.]

8. End of Lease

At lease end for each vehicle, Lessee may [return the vehicle / purchase it at [residual value/formula]].

Lessor: ______________________ Date: ____________ Lessee: ______________________ Date: ____________

*Negotiating the ability to add or remove individual vehicles during the term (Section 7) — rather than locking into a fixed fleet size for the whole lease period — gives a growing or seasonal business real flexibility that a standard single-vehicle lease doesn't offer.*