We have leant out 10 Clavinova's and 5 Baldwin 243's to students and no cost to them. I don't know the specifics of contracts, but I or my assistant take care of tunings or issues with the instruments. It will continue for spring semester. Piano majors only. I picked them out. No grands, mostly since no students have room for them.
It's fine with me and my assistant usually goes out to tune them. I took care of a squeaky pedal