Rental Terms

Sea Titan Paddleboards - Inflatable Paddleboard Lease Terms

By leasing an inflatable paddleboard from Sea Titan Paddleboards, a Wyoming C corporation, you ("Lessee") agree to the following terms and conditions:

  1. Lease Term: The lease term shall commence on the date of receipt of the paddleboard and continue for a period of one (1) year, unless terminated earlier per the terms of this agreement.
  2. Leased Equipment: Sea Titan Paddleboards will lease to Lessee one (1) inflatable paddleboard ("Equipment") from its current inventory.
  3. Lease Payments: Lessee shall pay Sea Titan Paddleboards a total of $265 for the one-year lease term, which includes: a. A non-refundable upfront payment of $265, due upon placing the order. b. The upfront payment consists of twelve (12) monthly payments of $22.09 each.
  4. Damage Deposit: Lessee shall pay a refundable damage deposit of $250 upon placing the order. The deposit will be returned to Lessee within 14 days of the Equipment being returned in satisfactory condition, as determined by Sea Titan Paddleboards.
  5. Early Termination: If Lessee terminates this agreement before the end of the lease term, an early cancellation fee of $100 will be deducted from the damage deposit. The remaining balance of the deposit, if any, will be returned to Lessee.
  6. Use and Maintenance: Lessee shall use the Equipment in a safe and responsible manner, following all applicable laws, regulations, and any instructions provided by Sea Titan Paddleboards or the Equipment manufacturer. Lessee is responsible for proper maintenance and care of the Equipment during the lease term.
  7. Damage and Repairs: Lessee shall promptly notify Sea Titan Paddleboards of any damage to the Equipment. Lessee is liable for any damage beyond normal wear and tear. Repair costs will be deducted from the damage deposit. If repair costs exceed the deposit amount, Lessee shall pay the additional costs.
  8. Loss or Theft: In the event of loss or theft of the Equipment, Lessee must notify Sea Titan Paddleboards immediately. Lessee is responsible for the full replacement cost of $1,187, less any remaining balance of the damage deposit.
  9. Return of Equipment: Lessee shall return the Equipment to Sea Titan Paddleboards on or before the lease end date in the same condition as received, excluding normal wear and tear. If the Equipment is not returned, Lessee will continue to be charged $22 per month until the Equipment is returned or the total lease payments reach $1,187, at which point the Equipment will be considered purchased by Lessee.
  10. Ownership: The Equipment remains the property of Sea Titan Paddleboards until Lessee has paid $1,187 in total lease payments, at which point ownership will transfer to Lessee.
  11. Indemnification: Lessee shall indemnify and hold Sea Titan Paddleboards harmless from any claims, damages, or liabilities arising from Lessee's use of the Equipment, except in cases of gross negligence or willful misconduct by Sea Titan Paddleboards.
  12. Waiver and Release of Liability: Lessee acknowledges that paddleboarding involves inherent risks, dangers, and hazards that may result in serious personal injury or death. Lessee assumes full responsibility for any and all risks, dangers, and hazards that may arise from the use of the Equipment. Lessee hereby releases, waives, discharges, and covenants not to sue Sea Titan Paddleboards, its officers, directors, employees, agents, and representatives from any and all liability, claims, demands, actions, and causes of action whatsoever arising out of or related to any loss, damage, or injury, including death, that may be sustained by Lessee or any person or property while using the Equipment, whether caused by the negligence of Sea Titan Paddleboards or otherwise.
  13. Entire Agreement: These terms constitute the entire understanding between Sea Titan Paddleboards and Lessee and supersede any prior agreements or understandings, whether written or oral.
  14. Governing Law: These terms shall be governed by and construed in accordance with the laws of the State of Wyoming.

By placing an order for an inflatable paddleboard from Sea Titan Paddleboards, Lessee acknowledges that they have read, understood, and agree to be bound by these terms and conditions.