Renting, known as hiring or leasing as well, is a mutual agreement between two parties where a payment is made by one for the temporary use of a good, service or property owned by another. Renting has been a lucrative business as an extra source of income from very early times. At present, short-term rental of every sort of products apart from real estate and holiday apartments already correspond to an estimated €108 billion ($160 billion) annual market alone in Europe. This figure is expected to grow further as the internet now has made it easier to find specific items available for rent. According to a survey, 76% of people looking to rent something go to the internet first to find what they need which rises around 88% for people aged between 25 and 34.
Long term rental of personal property, for periods usually longer than a year, is termed leasing. This term is usually used for high-value principal equipment, both in business and by consumers. A widely reported fact is that the financial crisis of 2007–2010 may have somehow contributed to the rapid growth of online rental marketplaces, as consumers prefer to rent instead of buying in times of financial crisis. Rising environmental concerns, fast devaluation of goods apart from an increase in temporary workforce also denote that consumers are now searching more and more for rentals instead of permanent buying.
But, when someone wants to rent any stuff, should they just rent it from anyone? The answer is obviously no. If a person wants to acquire something on rent, he/she should consider doing a little market research first. As it is the most convenient way to decide the most suitable person or owner to rent from. For this research, one needs to visit different owners and understand their clauses, conditions and examine the condition of the object the person wants to rent or lease. And a shorthand way to know all these is by asking for a Rent Quotation. A Rent Quotation is a document that mentions the details of the stuff available for rent by the owner along with the price of each. It also mentions the terms and regulations, if any, over the use of the object by the lessee. A Rent Quotation should be clear and concise providing all the details of the deal to avoid any misunderstandings in future.
Here is preview of this Rent Quotation Template in MS Word format.
Here is download link for this Quotation Template. You can also download more useful and free quotation templates.
Creating Rent Quotation
Here are the guidelines to create a Rent Quotation:
First, the name of the owner of the property or object available for rent is to be put on the top of the quotation document and then the name of the customer asking for the Rent Quotation along with the validity date of the quotation is provided. Then, all the rentals available to the owner specific to the consumer’s demand along with the prices for each item are mentioned. The rent or lease duration for each item is mentioned along with the clauses or conditions is needed to be mentioned at the end and the customer is advised to agree on them if he or she wants to seal the deal. The Rent Quotation is then handed over to the costumer.
Free Services Related Quotation Templates
Here are some very good Services related Quotation Templates to assist you as well. These are Public Domain Templates so anyone can use it.