Common Contracts
1 similar Equipment Lease Agreement contracts
Machine rental agreement templateEquipment Lease Agreement • June 6th, 2023
The equipment lease agreement regulates a precise understanding of the arrangement allowing an individual or business to utilize a piece of equipment for a predetermined duration length in exchange for monetary consideration. When a company requires specific hardware to do business, leasing can be a preferable option to buying for several reasons. The financial ramifications may entice a business owner or management to elect to rent rather than purchasing. When leasing, there is generally no need for a large down payment to compensate for acquiring the equipment.
