Equipment Lease Agreement

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.

Equipment lease agreement.

Lessee shall have the option to purchase all of the equipment described in said lease agreement upon the expiration of the initial lease term. Lessor desires to lease to lessee and lessee desires to lease from lessor certain tangible personal property. 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. It also gives specific guidelines regarding the use and storage of the equipment.

Whereas lessor desires to lease to lessee and lessee desires to lease from lessor certain tangible personal property. Equipment lease this equipment lease lease is made and effective date by and between lessor lessor and lessee lessee. Equipment lease agreements are used when leasing a piece of equipment. If lessee fails to perform or fulfill any obligation under this agreement lessee shall be in default of this agreement.

This agreement sets out the specific type of equipment the lease duration and the monthly payment amount. Sample equipment lease agreement. 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. 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.

This equipment lease lease is made and effective this day of 20 by and between lessor and lessee. The owner of the equipment is the lessor the user is the lessee. Disclaimer this was not drafted by an attorney should not be used as a legal document.