Missing Rental Equipment Report

A rental business owns the equipment, such as linens for a party, a vehicle fleet or construction equipment, that they then let others use for a specific amount of time for a fixed rate. Rental policies dictate that when the customer is in possession of the equipment, they are responsible for it. Aside from normal wear and tear, the customer will need to repair any items they break, however, when rental equipment goes missing, they may need to cover the cost to replace an item that is lost or stolen. Often, insurance will pay for the repair or replacement cost, but the customer will typically need to pay extra for the insurance coverage when they sign the rental contract. The Missing Rental Equipment Report should be used by a rental business when equipment is damaged or missing. It will outline the rental items the customer did not return or returned damaged, and maintenance above normal wear and tear that needed to be performed due to customer usage, or any additional charges that were outlined in the initial contract such as late fees. Customers should be sure to inspect all the property they rent before they take possession and notify the manager of any damage. Customers should carefully read and understand all rental policies and the insurance policy so they are aware of their responsibilities.