IOU for Borrowed Items (I OWE YOU)
1. Lender’s Information:
Name: Catherine Mitchell
Address: 123 Maple Street, Apt. 4B, Springfield, IL 62704
Phone Number: 222 000 9999
Email: janesmith@email.fict
2. Borrower's Information:
Name: [YOUR NAME]
Address: [YOUR COMPANY NAME]
Phone Number: [YOUR COMPANY NUMBER]
Email: [YOUR COMPANY EMAIL]
3. Description of Borrowed Items:
Item 1: Drill (Model: XJ-300, Serial No. 456789)
Item 2: Set of Wrenches (12-piece, Brand: ToolMaster)
Item 3: Ladder (6-foot aluminum ladder, Brand: SafeStep)
4. Rental Terms:
Date Borrowed: September 1, 2055
Return Date: September 15, 2055
Interest Rate: 2% per day
Total Amount Due (including interest): $60.00
5. Terms and Conditions:
The borrower agrees to return the items in the same condition as received.
If the items are not returned by the specified date, additional interest will accrue at the rate of 2% per day.
The borrower is responsible for any damage to the items or loss, and agrees to compensate the lender accordingly.
6. Signature:
Catherine Mitchell
Lender
[YOUR NAME]
Borrower
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