Item loan agreement template (Lending an item)
Lend something with the use, the return deadline and damage/loss agreed in advance.
Free to read, no sign-up needed
Item Loan Agreement (template)
Fill in the “◯” blanks. Party A and Party B are the parties (real names and addresses go in the signature block). This is a general example, not legal advice.
Party A lends to Party B free of charge, and Party B has borrowed, the item described below (the "Item"). Item: ◯ Condition: ◯ Article 1 (Use) Party B shall use the Item only for ◯ and shall not lend it to any third party. Article 2 (Return) Party B shall return the Item to Party A by ◯ (date), by ◯ (method). Article 3 (Costs) Costs ordinarily required for using the Item are borne by Party B. Article 4 (Damage or loss) If the Item is damaged or lost due to a cause attributable to Party B, Party B shall compensate Party A for the repair cost, or damages up to $◯. Article 5 (Late return) If Party B does not return the Item by the deadline in Article 2, Party A may demand its return and compensation for damage arising until it is returned.
Create an agreement from this template
The creation screen opens with this template filled in. Every party verifies their identity by SMS or photo ID and signs, and the finalized agreement is kept.
Why keep it in Twosure instead of on paper or in a note
- Every party verifies their identity (SMS or photo ID) before signing, so it is harder to claim “I didn’t sign that”.
- Once finalized, it cannot be changed through the app. Share the verification link and a third party can check the content too.
- You don’t have to meet in person: it takes about 5 minutes on a phone.