You want to lease out your car and wonder, how to formalize an agreement, what provisions to include and how to protect your rights and your property?
It should be mentioned that according to the requirements of the current legislation a vehicle rental (lease) agreement is subject to obligatory notarization.
Please note that such agreement is considered as concluded from the moment of its notarization.
Surely, you may conclude a car rental agreement with another person in simple written form, but in fact such agreement has no legal effect.
Getting an agreement notarized, you may no longer worry about legitimacy of the deed, whether it is properly formalized, whereas a notary is personally responsible for his/her notarial actions. A notarized car rental agreement will include all necessary terms and conditions and serve as a reliable instrument for protection of your rights, in case of violation thereof.
It happens sometimes that a person driving your car is involved in a car accident or violates traffic rules. In such case, a car rental agreement is intended to confirm that you were not driving this car and secures you from unintended effects.
No additional actions are required on your part for conclusion of such agreement.
