Rental Agreement

Supplementary Disclosure


GENERAL RULES - Must have valid U.S. or State Department driver's license, current comprehensive car insurance, valid credit card and be at least 25 years of age. Only the person(s) named on the agreement are permitted to operate the rental car. EVPM does NOT provide primary auto liability, collision and comprehensive insurance. If the insurance information provided by the client does not provide adequate coverage, the client agrees to pay for all injury, damage or loss caused.

This Supplementary Disclosure clarifies certain NON-NEGOTIABLE charges and restrictions related to your use of the rental vehicle provided by Executive Vehicle Portfolio Management LLC (EVPM):

REFUELING – The vehicle needs to be returned to EVPM with same fuel level as when vehicle was provided to you. Refueling cost will be $5.99 per gallon.*Subject to change based on daily market price.

DAMAGE – The vehicle will be inspected once it is returned to ensure there is no new damage. Please make sure the vehicle is checked in and inspected BEFORE you depart. An inspection sheet will be provided to you upon request. Whenever possible, avoid returning the vehicle after business hours. Any new damage found during check-in will be your responsibility.

TRAFFIC VIOLATIONS – While the vehicle is in your possession, you are expected to adhere to all local and state laws. Any unpaid tolls, parking or speeding violations issued while the vehicle is in your care, custody and control will be your responsibility. An administrative fee of $35 dollars will be added to the total amount of the fine and/or late fees.

NO SMOKING – EVPM has a strict no smoking policy for all vehicles and does not permit smoking in these vehicles. If you return the vehicle with evidence of smoking (odor, burns, stains), you will be charged a cleaning fee of up to $250.

NO PETS – EVPM has a strict no-pets policy for all vehicles and does not permit pets in these vehicles. If you return the vehicle with evidence of the presence of pets, you will be charged a cleaning fee of up to $250.

MILEAGE ALLOWANCE – The vehicle is intended for normal use only. Maximum daily allowance of 100 miles/day. Failure to adhere to this restriction will result in a mileage charge of $1.00/mile beyond 100 miles/day. Violation of this policy may result in EVPM no longer providing you with a rental. EVPM uses GPS tracking.

INSURANCE – In the event that your insurance information is inaccurate or if coverage on your policy does not provide primary auto liability, collision and comprehensive coverage, you agree to pay for all injury, damage or loss you caused to the vehicle and to any third parties involved.

DIMINISHED VALUE – You agree to pay EVPM the diminished value of the vehicle, if it is involved in an accident and not covered by your insurance company. “Diminished Value” is the difference between fair market value of the vehicle before damage and its value after repairs as calculated by a third-party estimate obtained by us or on our behalf.

PERSONAL USE ONLY – I understand that the vehicle is for my personal use. I specifically understand and agree that the vehicle will not be used for any COMMERCIAL PURPOSES, such as taxi, Uber transportation services, delivery vehicle, etc. If I violate this prohibition EVPM will charge me a MILEAGE AND A $250 PER DAY USAGE PENALTY and I will be disqualified from future rental privileges.