Equipment Lease Agreement
Business equipment rental contract establishing lease terms, rental payments, maintenance responsibilities, insurance coverage, and return conditions for temporary equipment access arrangements.
Key Clauses
Recitals Whereas
Defines recitals whereas terms and conditions.
Equipment Description T
Defines equipment description t terms and conditions.
Lease Term
Establishes lease duration, commencement date, renewal options, and termination conditions.
Rent And Payment Terms
Specifies monthly rental amounts, payment schedule, late fees, and security deposits.
Security Deposit
Details deposit amount, holding procedures, and conditions for deposit return at lease conclusion.
Use And Maintenance
Lessee's obligations for proper equipment use, routine maintenance, and care during lease period.
Use This Template
When You Need This
- Accessing expensive equipment without large capital purchase for temporary business needs
- Testing equipment performance before making permanent purchase decision
- Managing cash flow by spreading equipment costs over time through lease payments
- Obtaining specialized equipment for specific projects with defined duration