Section 24: Liability for damage of leased equipment caused by lessee or his agent

(1) A lessee shall during the period in which a leased equipment remains in his possession be liable for repairs of damage to equipment resulting from the acts of a lessee, his agent, servant or any third party to a leased equipment.
(2) Where a lessee is in breach of his liability to repair as provided in subsection (1) of this section, the lessor shall serve notice on the lessee specifying the breach and requiring the lessee to effect specified repairs within a period of time.
(3) If the lessee fails to effect repairs on expiration of the specified period, the lessor may at his own expense effect the necessary repairs.
(4) Where the lessor effects repairs, the lessee shall indemnify the lessor for expenses reasonably incurred by the lessor in effecting such repairs.
(5) The lessee shall, however have a right to bring by action against a third party to recover any expenses incurred as a result of his obligations to repair the leased equipment and the lessee’s indemnity to the lessor.