An equipment lease template is the format of the document where a party rents equipment owned by the other party. The parties in this case are known as the lessor and the lessee. These types of templates contain the information of both the parties, the details of the equipment and the terms and the conditions agreed between them.
Sample Equipment Lease Template
The equipment lease template has been drafted and is effective from _____________ [date of making the lease] between the lessor, _______________ [name of the lessor] and the lessee, _____________ [name of the lessee].
The lessee wishes to lease the _____________ [name of the equipment] owned by the lessor. The lease is valid till __________________ [date of terminating the lease].
Terms and conditions:
- The monthly rent of the equipment is ______________ [rent amount].
- The shipping charges of the equipment will be borne by the ___________ [mention who will bear the shipping charges].
- The ______ [mention the party] will bear the repair expenses.
The signature of both the parties is mentioned below:
___________________ ______________________
Signature of the lessor Signature of the lessee