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Equipment Lease Agreement

Equipment lease with term, payments, maintenance responsibilities, and purchase option

Equipment Lease Agreement
Party 1 (Name / Company)
Party 1 Address
Party 2 (Name / Company)
Party 2 Address
Effective Date
Equipment description
Lease term
Payment
Security deposit
Maintenance
Insurance
Permitted use
Return conditions
Purchase option
Early termination
Duration / End Date
Signature
Signature

For companies leasing equipment to businesses or individuals.

Key Sections

  • Equipment description (make, model, serial number, condition)
  • Lease term and commencement date
  • Payment schedule (monthly, quarterly) and late fees
  • Security deposit amount
  • Maintenance responsibilities (lessee vs. lessor)
  • Insurance requirements for leased equipment
  • Permitted use and location restrictions
  • Return conditions (wear and tear standards)
  • Purchase option at end of lease (FMV, $1 buyout, or fixed)
  • Early termination fees
  • Default remedies and repossession rights

UCC filing notice for lessor’s security interest. Equipment condition report at delivery and return.

Customize lease terms and set payment schedules in PDFb2.

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