Simple Equipment Rental Agreement Template Word
Any company, person, organization or business can use a lease for the rental of equipment if, for any reason, they need to rent a device. Here are some tips that the landlord and tenant should follow when creating a device rental agreement: this contract starts and expires. An extension agreement is established for the new duration. An equipment lease is a contractual agreement between a lessor and a lessee to lease and use the equipment for a certain period of time for regular payments. The rental agreement can be factory machinery, vehicles or other equipment. As soon as the lessor and the tenant accept the terms of the lease agreement, the tenant is granted the right to use the equipment and, in return, to make regular payments during the term of the lease agreement.