A short term equipment lease is a lease authenticated for a very short period of time. It is speedily executed owing to its simple rules and guidelines. However, the disclaimers have to be accurately put forward to avoid legal complications of any sort due to which the parties may face adversities. Hence, it must be prepared carefully and sincerely.
Sample Short-Term Equipment Lease
Equipment lease number: 473927
This equipment lease is validated by the consent of
Mr. Robin Slater, the owner of the equipment
Residing at 5, Flower Road, Liverpool
Cell number: 48272919
Email address: firstname.lastname@example.org
Mr. Sylvester West, the hirer of the equipment
Residing at 49, Orbit-City Apartment, US
Cell number: 32629280
Email address: email@example.com
On the date of 5th January, 2011
The disclaimers of the lease are given below elaborately:
- The lease has been drawn for a period of 2 months, starting from 5th February, 2011 to 5th April, 2011.
- The legal and commercial responsibilities of the equipment has been accepted and taken by the lessee who will take care of the equipment at his own effort.
- An initial payment of $400 has been made to the lesser [vide cheque number: 45207999] on 1st January, 2011. The rest of the payment, that is $300, will be made after the expiry of the term within 10th April, 2011.
- If the equipment faces any kind of damage in terms of physical shape or functionality, the lessee will be charged with a penalty or imprisonment or both according to the discretion of the court.