An equipment lease is a kind of contractual document. In this agreement, the owner of the equipment or the “lessor” of a person or a company or “tenant” allows the equipment to be used for a certain period of time for financial compensation. As soon as both parties agree to the terms of the lease, they have signed it to formalize it. We, the undersigned, have agreed that we have read this agreement and that we are bound by their terms and conditions. RENTAL CONDITIONS 1. The renter must keep and maintain the rented equipment during the rental conditions, at his own expense and acquired costs. It must keep the equipment in a good repair condition, with the exception of normal wear. 2. The renter pays the owner the full compensation for the replacement and/or repair of equipment that is not returned because it has been lost or stolen, or for equipment that is damaged and must be repaired to restore it to the condition it was in at the time of the rental, with the exception of normal wear and tear. The owner`s replacement or repair bill is conclusive with respect to the amount the renter must pay for the repair or replacement in accordance with this paragraph. 3. The tenant cannot remove the device from the tenant`s address or place of use without the owner`s prior written permission. The renter informs the owner, at his request, of the exact location of the equipment while he is owned by the renter.
(4) The equipment is delivered to RENTER and returned to the owner at the cost, risk, costs and costs of the renter. When a periodic rental price is charged by the owner, the rental fee is charged to the renter for each period or part of the period from the date the device is delivered to RENTER until it returns. When a term rental price is charged by the owner, the rental fee is charged to the renter for the entire life, even if the equipment is returned before maturity. If the device is not returned during or at the end of the life, the rental fee remains for an additional period or part of it until the device is returned. We are pleased to release our equipment rental contract free of charge and are authorized to allow all equipment rental companies (or clothing, video and other industries) to use this contract. In the case of a short-term lease, the lessor may give the lessor the opportunity to renew, terminate the contract or acquire the leased equipment. It depends on the terms of the original agreement reached and accepted by both parties. 6. The tenant authorizes the landlord to access renter premises where rented equipment is stored or used at any appropriate time to locate and verify the condition and condition of the rented equipment.
In the event of a delay in any of the terms of this agreement, the owner and his representatives may at any time, at the risk of the RENTER, enter the renter`s premises where the rented equipment is stored or used and recover the rented equipment. A landlord and tenant can be either a person or a business, depending on the circumstances of the rent. For example, you might own a small business that manages forklift rentals for construction companies, or you may have to plan an event and rent audio devices (such as a sound system) to a friend. An equipment lease agreement is a contract between two parties regarding the use of one type of equipment. The tenant rents the landlord`s equipment for a specified period of time, as stated in the rental agreement. In return, the tenant again grants compensation to the lessor, as indicated in the contract. The tenant agrees to pay a $6 deposit.