A commercial Equipment Lease Form is an agreement between parties where one party leases the equipment for use by the other party for a definite time period. The equipment can be used for construction, testing, installation or other purposes. This agreement form specifies the rights and obligation of both the parties. Equipment leasing is a convenient process as the payments can be structured. The Equipment lease format should be structured properly to allow receiving tax benefits such as treating the lease payment as an expense.
A typical Equipment lease template will generally include details like, name of both the parties, a description of the equipment, the cost of the lease equipment and how the payments will be made, the security deposit, liabilities of the lessee with regard to the equipment such as repairs and maintenance etc. An example of free sample Equipment Lease Format is given below.
Equipment Lease Form
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