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This is an equipment rental agreement template whereby the Lessor leases the Equipment to lessee for commercial purposes. This Equipment Rental Agreement is drafted in favour of the Lessor.
The Lessor shall grant and the Lessee shall use the equipment for the duration set out therein and the Lessee agrees to use the commercial equipment in accordance with the terms and conditions of the agreement.
This a simple equipment rental agreement that provides for:
1. Equipment Description and Usage
4. Security Deposit
5. Return of Equipment
7. Termination of Lease
8. Right to take possession of the Equipment in case of Default.
The document is an agreement between Lessor and Lessee.
The amount of rent, security deposit, equipment description and the purpose for which it will leased must be set out clearly in this Agreement