A kitchen equipment lease is a document which explains the terms and conditions which will govern the lease of equipments for a kitchen to a company by another company or business enterprise. It must be watertight and free of errors. Since it is a legal document, it must be given the consideration that such a document deserves. It must be framed after consultation with representatives from both parties, as well as legal experts.
Sample Kitchen Equipment Lease:
This is to inform all the concerned parties that lease number 3975466 addresses the leasing of kitchen equipment by Stainless Inc. [henceforth referred to as the lessor] to Sasha’s Sushi Bar [henceforth referred to as the lessee] for a duration of two years. The date of commencement of the kitchen equipment lease is 2nd July 2011 and the date of termination is 2nd July 2013. The following details, particularly, must be noted:
- The kitchen equipment to be leased includes ten ovens [model number 346456, Electrica], ten grills, ten deep fryers and other associated equipment [check overleaf for detailed descriptions].
- The lease deal can be renewed or revoked after the date of termination depending on the understanding between the two participants.
- There is no lease termination clause included in this lease agreement between the lessor and the lessee.
- The initial security deposit to be paid by the lessee is $1000000. Monthly payments shall be made to the lessor as per agreements.
Signatures of lessor: _____________________________________
Signature of lessee: ______________________________________
Signature of advocate: __________________________
Date: 12th June 2011