Equipment Lease Agreement

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This Equipment Lease Agreement is for use by those who would rather lease than purchase their own equipment. This agreement can be tailored to fit a company or individual's specific situation. It is important that an Equipment Lease Agreement be set out in writing in the event there are misunderstandings.

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An Equipment Lease Agreement is commonly used when one party rents or leases equipment to another for a specified price and time. It is important to have a written Equipment Lease Agreement for a variety of reasons. A written agreement clearly sets out the terms of the agreement (price, term, and liability for repairs) and the rights and obligations of each party. Should a dispute arise, the parties have a written agreement to refer to for guidance.

Equipment Lease Agreements are frequently used by businesses who do not want to invest in their own equipment. By leasing the equipment business owners are able to access the newest business tools without paying a high purchase price. There are many different scenarios where leasing equipment makes great business sense and this form can easily be tailored to meet a party’s specific needs.

This Equipment Lease Agreement includes the following provisions:
  • Equipment: Detailed description of the equipment to be leased;
  • Lease Terms: Includes the term, payments and identification of the parties;
  • Security Deposits: Indicates the amount of any deposit;
  • Default: Defines what constitutes a default;
  • Possession and Return of Leased Equipment: Sets forth the parameters regarding possession and how equipment shall be surrendered;
  • Use of Equipment: Covers use, maintenance and storage of the equipment;
  • Condition of Equipment: Verifies the equipment is in an acceptable condition at the onset of the lease term.

Protect your Rights and your Property by using our professionally prepared up-to-date forms.

This attorney-prepared packet contains:
  1. Instructions and Checklist
  2. Information
  3. Equipment Lease Agreement
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages8
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#20483
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.

Customer Reviews

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Reviews: 1


Palm Desert,

CA

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Wording was straight and clear, plain english yet to the point, we managed to adjust the contract to suit our business needs and I will be looking for other documents in the future


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