Equipment Lease Agreement

An equipment lease agreement is a contractual agreement where the lessor who is the owner of the equipment allows the lessee to use the equipment for a specified period in exchange for periodic payments.

Equipment lease agreement.

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. This equipment lease lease is made and effective this day of 20 by and between lessor and lessee. Equipment lease agreement 2 lessee s premises and ii at the end of the lease term of shipping the equipment back to lessor s premises. The owner of the equipment is the lessor the user is the lessee.

An equipment lease is an agreement in which one party the lessor gives the other party the lessee the right to have and use but not own the lessor s equipment for a certain period of time. Sample equipment lease agreement. An equipment lease agreement is a type of contractual document. This agreement sets out the specific type of equipment the lease duration and the monthly payment amount.

Disclaimer this was not drafted by an attorney should not be used as a legal document. It also gives specific guidelines regarding the use and storage of the equipment. The equipment may be purchased for a price that shall be 150 00 plus applicable sales tax and any other tax applicable to such sale provided that lessee has performed all terms and conditions of said lease. Whereas lessor desires to lease to lessee and lessee desires to lease from lessor certain tangible personal property.

Equipment lease agreements are used when leasing a piece of equipment. Lessee shall have the option to purchase all of the equipment described in said lease agreement upon the expiration of the initial lease term. If lessee fails to perform or fulfill any obligation under this agreement lessee shall be in default of this agreement.