What is the Rental Vehicle Contract Price?
Asset lease contract is an agreement between the parties, whereby the lessor provides the asset to the lessee for use within a certain period, and the lessee must pay the rental fee.
According to Article 473 of the Civil Code 2015 stipulates the rental price as follows:
- The rental price is agreed upon by the parties or determined by a third party at the request of the parties, unless otherwise specified by law.
- In the absence of an agreement or if the agreement is not clear, the rental price is determined according to the market price at the location and time of entering into the lease contract.
Accordingly, the law does not impose a specific rental price for leasing assets. The parties can mutually agree on the rental price or request another person to determine the rental price. In the absence of an agreement or if the agreement is not clear on the rental price, it will be determined according to the market price.
Therefore, in your case, the car rental price will be agreed upon by you and the lessor. If you find the rental price of 400 thousand VND per 1 day and night expensive, you can renegotiate.
Respectfully!
