An equipment lease agreement is a document which highlights the terms and conditions which influence the lease agreement between a lessor and a lessee regarding the lease of equipment. It must be framed in a correct manner and since the lease document has legal validity, it must be written with accuracy and precision to eliminate mistakes.
Sample Equipment Lease Agreement
The following equipment lease agreement attests to the agreement between Mr. Robert Joyce of Joyce Copiers and Printers [henceforth referred to as the lessee and Mr. Samuel Richards of Canon Copiers [henceforth referred to as the lessor] regarding the lease of three copier machines [models3HDSGFR63]. The duration of the lease agreement is two years, with the date of commencement of the lease agreement being 23rd June 2011 and the date of termination of the lease agreement being 23rd June 2013. The copiers are brand new and in perfect condition and the lessee must return them in the same condition failing which penalties will be extracted.
The terms and condition governing the lease agreement must be read carefully and understood completely by the participants. The lessee shall pay an initial refundable security deposit of 100$ to the lessor. He shall pay a monthly rent of $76 to the lessor for the entire duration of the lease, after which his security deposit shall be refunded on submission of machines in the intact condition.
Signature of lessor: ______________________
Signature of lessee: _______________________
Signature of witness: _______________________
Signature of advocate: ______________________
Seal and signature of public notary: ____________________