This versatile template, available for download in a Word document format, can be tailored to meet diverse requirements ranging from a restaurant equipment lease agreement to a warehouse lease agreement form.
Whether you require an office equipment lease agreement or even a commercial vehicle lease contract, this comprehensive business lease contract template is just what you need.
Easy to edit and adapt, this is your one-stop solution for securing your commercial property rental agreements and professional equipment rental contracts.
1. Lease AgreementThis Lease Agreement (“Agreement”) made and entered into this ____ day of ________, 20_____, by and between ___________, a _______ [state] _______ [corporation/limited liability company/partnership/individual] (hereinafter “Lessor”), and __________, a _______ [state] _______ [corporation/limited liability company/partnership/individual] (hereinafter “Lessee”). [Name, type of entity, and state of the Lessor and Lessee]
2. Description of Leased EquipmentLessor hereby leases to Lessee and Lessee hereby rents from Lessor, the equipment and personal property described in Exhibit A attached hereto (the “Equipment”). [Detailed description or list of the Equipment]
3. Lease TermThe lease term will begin on _______ and will terminate on _______. Unless otherwise terminated in accordance with the provisions of this Agreement. [Start and end date of the Lease]
4. RentLessee shall pay to Lessor as rent for the Equipment the amount of $______ per ______. [Amount and frequency of rent]
5. Security DepositUpon execution of this Agreement, Lessee will deposit with Lessor the sum of ______ dollars ($______), receipt of which is hereby acknowledged by Lessor, as security for the performance by Lessee of the terms under this Agreement and for any damages caused by Lessee or Lessee’s agents to the Equipment during the Lease term. [Amount of Security Deposit]
6. Use of Leased EquipmentThe leased Equipment will be used for _______. Lessee will comply with all laws and rules affecting the Equipment’s use and operation. [Purpose for which the Equipment will be used]
7. Maintenance and RepairsLessee will keep the Equipment in good repair and operating condition, allowing for reasonable wear and tear.
8. InsuranceLessee shall maintain, at Lessee’s expense, insurance on the Equipment insurable value for losses due to theft, damage, or destruction.
9. DefaultIf Lessee fails to comply with any term of this Agreement, Lessor may declare Lessee in default.
10. Governing LawThis Agreement shall be governed by and construed in accordance with the laws of the state of _______. [State whose law will govern]
11. Entire AgreementThis Agreement contains the complete agreement between Lessor and Lessee and cannot be changed except by written agreement.
12. SignaturesIN WITNESS WHEREOF, Lessor and Lessee have executed this Lease Agreement as of the date first above written. _________________ _________________ Lessor (Signature) Lessee (Signature) _________________ _________________ Lessor (Print Name) Lessee (Print Name) _________________ Date Note: This is a basic commercial equipment lease agreement template. Depending on the specific circumstances and state laws, additional provisions may be necessary. Always consult with a lawyer before finalizing any legal documents.
Other Useful ContractsIf you’ve found the Commercial Equipment Lease Agreement Template helpful, you might also be interested in our Commercial Property Management Agreement Template. Ideal for property managers and landlords alike, this template will assist in outlining the terms and conditions of property management services, ensuring both parties are clear about their responsibilities.
Moving on to larger properties, a commercial sublease agreement template would be a great addition. Our Commercial Sublease Agreement Template provides a clear framework for subleasing commercial properties. This will help bypass any potential legal issues and make sure all terms and conditions are well defined.
In the realm of real estate transactions, having a comprehensive agreement is key. Our Commercial Real Estate Purchase Agreement Template serves this purpose, ensuring all details of your large scale transactions are well-documented and legally sound.
Expanding your business to a short-term location? Consider using our Short-Term Commercial Lease Agreement Template. It’s designed to make the leasing process smoother for both the lessee and lessor, ensuring all terms are clearly stated and understood by all parties involved.