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Enter the full legal name of this party exactly as it appears on their ID or business registration.
Enter the full legal name of this party exactly as it appears on their ID or business registration.
An Equipment Lease Agreement governs the rental of machinery, tools, vehicles, or other business equipment from an owner (lessor) to a user (lessee) for a specified term. Sets out monthly payments, maintenance responsibilities, insurance requirements, permitted use, and conditions for early termination or purchase option. Fill out this free equipment lease agreement template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Parties, Equipment.
This Equipment Lease Agreement is made between ______________ ("Lessor"), of ______________, and ______________ ("Lessee"), of ______________.
Lessor hereby leases to Lessee the following equipment (the "Equipment"): ______________.
The lease term begins ______________ and ends ______________, unless earlier terminated.
Lessee shall pay $0.00 per month in advance, plus a security deposit of $0.00 refundable at the end of the term less any damages.
Lessee shall use the Equipment only for its intended purpose and shall maintain it in good working order. Lessee shall not modify or alter the Equipment without Lessor's written consent.
Lessee bears all risk of loss or damage to the Equipment during the lease term and shall carry adequate insurance naming Lessor as an additional insured.
Upon termination, Lessee shall return the Equipment in the same condition as received, reasonable wear and tear excepted.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.