Loan for Use Agreement Goods

Loan for use agreement movables

One party gives something on loan for use to the other party. Borrowing something is always free of charge, otherwise it is referred to as renting. This loan for use agreement covers an agreed period or an indefinite period. If only because the borrower might argue that it was a gift, it is advisable to lay down that the movables are on loan for use.

This agreement may be use for:

We have available a separate loan for use agreement car. For immovable property, such as residential accommodation or land we have specific model contracts as well. Please have a look at the category loan for use (in Dutch: bruikleen) on our website for a complete listing.

What to fill in yourself

Please fill in the name and address of the lender and the borrower. You must include a description of the movables as well. It is also possible to include photos of the goods, as to avoid discussions about any possible damage when the goods are returned. You should also set a period of notice of termination.

In our loan for use agreement goods it is stated that at the request of the lender, the borrower must take out insurance against damage by fire or theft. Check whether this is necessary. Often damage is covered by third-party insurance (WA-verzekering) and is insured in a maximum amount. Check your own insurance policy and ask the borrower to do the same. This will prevent you from being confronted with an unpleasant surprise.

Summary

Contains provisions on:

• Duration;
• Proper use;
• Duty of due care and damage;
• Use by third parties;
• Usufruct;
• Security deposit (optional);
• Penalty (optional).

Context

This document can be used in the following situation:
Loan for use is a legal term for lending something out without a fee. If you would like to lend out valuable items it is advisable to draw up a loan for use agreement goods. Physical goods that can be transported such as household furniture, corporate clothing or workwear and electronics are also referred to as movables.

You can use our template for all kinds of items, both for business purposes and private use. We have a separate user agreement laptop and mobile phone for employers.