Hi , my wife is trying to lease a loom from a private individual, the loom cost around =A315000 new, or used, the last ones went for =A33000. The looms are about 15 years old. We'd buy a used one if we could, there are no new ones available. Any loom we find will be 15 years old and probably it hasn't been used lately so some parts on it may be on their last legs. Under a normal lease surely the parts would be the responsibility of the owner to repair, but that does not seem to be the drift we are getting. The rental would be =A350 per month. Any suggestions how we can mitigate against landing with a big repair bill should we land unlucky? What could we put in the lease agreement and still keep the lease appealing to the owner, it is a struggle to get a suitable loom ta
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12 years ago