4. Rent Payment: For each of the Containers delivered to the Renter hereunder, the Renter shall pay rent as shown in the Appendix. Rent shall be paid monthly with a 5 day grace period upon which a $25 fee will be assessed. Also, see paragraph 5 on Standard Terms.
6. Return of Container: When the Renter decides to terminate the lease, rent for each Container shall cease on the day after the day of pick up of the Container. If required, the cost of repair of Containers shall be for the Renter’s account, according to the provisions of Paragraph 3 of CS’s Standard Terms, as described in Paragraph 9 below.
7. Replacement Values The replacement value for each Container damaged beyond economic repair, lost or destroyed shall be as stated in the Appendix.
8. Purchase Option: The Renter has the option to purchase each Container at the price indicated in the Appendices. This option does not include monies collected as part of the Lease. Cost to purchase listed in the Appendix. Ownership of each Container remains with CS until the option price is paid.
9. General: CS’s Standard Lease Terms are incorporated in this Lease and form an integral part hereof.