Shared Usage Agreement

Instructions

This form must be completed to document the terms under which an item of property may be shared between units or other organizational units.  The property coordinator and each of the participants in this agreement should receive a copy of the completed document. The property coordinator updates the inventory records to reflect this temporary transfer.

Borrower's Responsibilities

• The Borrower is responsible for any theft, loss, or breakage of the item, and pays for any repair or replacement costs necessary.
• The Borrower is responsible for examining the item to verify its condition before accepting it and signing this agreement.
• The Borrower is responsible for any cost of calibration or other direct costs associated with the use of the item, including transportation to and from its point of origin and its new location.

Lender's Responsibilities

• The Lender is responsible for the cost of normal wear and tear incurred during the item's shared use.
• The Lender is responsible for examining the item to verify its condition upon its return and to inform the Borrower of any damage discovered.
• The Lender is responsible for informing the University property coordinator when the item is returned so that the inventory records may be updated.