Equipment Rental Agreement Printable With Option To Purchase In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00412BG
Format:
Word;
Rich Text
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Description
An "Equipment Lease Agreement" is generally used to describe the formal contract or agreement that binds the leasing customer to the terms and conditions set forth by the leasing company. It is usually prepared or provided by the leasing company and is therefor heavily weighed to the advantage of the lessor (e.g., waiver of liability for defects). In this form, title to the equipment is not transferred at the end of the lease, but is held by the Lessor.
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FAQ
What to include in an equipment rental agreement Full and correct names. Your company should be listed as the lessor and your customer as the lessee. List the rented-out equipment. Rental duration terms. Rental rate. Late charges. Security deposit. Equipment usage guidelines. Repair and replacement.
What is an 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.