Lease Agreement Form For Equipment Rental

PAYMENT TERMS. Rental fees are based on a set of [WRITTEN DOLLAR AMOUNT] dollar ($[NUMERICAL DOLLAR AMOUNT]) per day, plus any additional charges. Additional charges are added if the device is damaged, if parts are missing or returned later than [DATE AND TIME]. All fees begin from the effective date of this Agreement. The tenant pays the landlord an additional service fee of [AMOUNT IN WRITTEN DOLLARS] in dollars ($[AMOUNT IN DIGITAL DOLLARS]) per day for each day the equipment has not been returned, in addition to the daily rental fee. The owner invoices the customer [PERIOD] and all invoices are due after receipt. 8. INSURANCE. The renter must insure the equipment in an amount of at least [AMOUNT IN WRITTEN DOLLARS] ($[AMOUNT IN DIGITAL DOLLARS]). The tenant agrees to pay a deposit of $6. This should be reimbursed upon return of the equipment or termination of this Agreement. The deposit covers the device. Either way, companies need to acquire equipment for their operations, and there are three ways to do that.

First, the company can purchase the necessary equipment in cash. Secondly, the company can buy the necessary equipment by borrowing from the bank….