A laundry equipment lease is a document which outlines the main tenets of a laundry lease agreement, effected between two parties, the lessor and the lessee. It is a legal document and must be written accurately so that legal loopholes can be minimized. Any breach of contract shall invite penalty and hence care should be taken to ensure that the lease agreement is carefully read and understood by all concerned.
Sample Laundry Equipment Lease:
This is to inform all concerned parties that lease number 7364, effecting the leasing of laundry equipment between Clean Shoppe Pvt. Ltd. [henceforth referred to as the lessor] and Gina’s Laundry Centre [henceforth referred to as the lessee], has been drafted under the jurisprudence of New York Sessions Court on the 1st of April, 2011. The lease agreement is valid for the duration of five years, from the 3rd of June 2011 to the 3rd of June 2016. The equipment to be exchanged includes machinery like washing machines and automatic dryers [please check attached document for a complete list of equipment to be leased]. All the equipment is brand new and the total amount of the laundry equipment to be leased is estimated at 5 million USD, according to current pricings. The lessee shall be required to pay an initial security deposit of USD 400000 and monthly payments as agreed to by both parties.
All the terms and conditions should be read and understood carefully. In case of a breach of contract, the case shall fall under the jurisdiction of New York Sessions Court.
Signature of lessor: ____________________________
Signature of lessee: ___________________________
Signature of advocate: ______________________