Equipment Lease Agreement Example

An equipment lease agreement is an agreement where the owner of the equipment permits the user to use the equipment in exchange for a periodic lease payment the owner of the equipment is the lessor the user is the lessee.

Equipment lease agreement example.

Check out this collection of lease agreement forms available as free pdf sample downloads. Sample equipment lease agreement. The equipment lease agreement includes terms such as the timelines on payments for example when the periodic payments are due and the last due date for late payments. This equipment lease lease is made and effective date by and between lessor lessor and lessee lessee.

We would like to show you a description here but the site won t allow us. For expensive capital equipment a longer lease duration is more convenient and cheaper in the long term. An equipment lease agreement lets you enter into agreement with a lessor or the sole owner of an equipment wherein you are allowed to lease or rent an equipment. The different types of equipment lease forms.

Download this free sample equipment lease agreement below and have it customized by an attorney for your unique legal needs today. Now therefore in consideration of the mutual covenants and. Equipment lease contract forms are forms that are utilized by those. If lessee fails to perform or fulfill any obligation under this agreement lessee shall be in default of this agreement.

There are a lot of these equipment rental lease forms that just about any business can use for whenever they have clients that want to take the option of leasing their equipment assuming that these businesses allow the option. Payment due to the lessor. Equipment lease agreement startup law resources business operations. The equipment which can be leased includes any physical property such as vehicles machinery and other tangible properties except buildings.

This equipment lease agreement template is available for use on upcounsel. An equipment lease agreement is a type of contractual document in this agreement the owner of the equipment or the lessor allows a person or company or the lessee to utilize the equipment for a specific amount of time in exchange for monetary compensation. You can find templates for leasing equipment in a variety of the major sectors most commonly involved in renting equipment from medical to agricultural and industrial. The agreement outlines the terms and conditions that protects the rights and interests of both the lessor and the lessee.

You may also see commercial tenancy agreement examples.