Equipment Agreement Template

You should use a hardware rental agreement whenever you want to rent equipment you own from someone else. You can also use it to rent equipment that someone else owns if they don`t provide you with a contract. We, the signatories, have agreed that we have read this agreement and that we are bound by their general conditions of sale. This document can be created by a supplier of equipment they rent for personal or commercial reasons, or by a tenant who wants to rent some equipment. 6. SITUATION. The devices are located at [CUSTOMER ADDRESS] during the term of this Agreement and shall not be removed from this location without the prior written consent of the lessor. 4. SURETY. In addition to the rental fee, the tenant pays a deposit in the amount of [AMOUNT IN WRITTEN DOLLARS] in dollars ($[AMOUNT IN DIGITAL DOLLARS]) before receiving equipment and at the time of signing this contract. This deposit is refunded to the tenant at the end of this agreement, subject to the possibility for the lessor to collect it against any costs or damages incurred.

All sums that can be reimbursed to the tenant must be paid at the time of termination of this equipment rental agreement. The guarantor shall be remunerated with an annual interest rate of [PERCENTAGE] from the date of payment to the lessor until the date of repayment on the basis of the total amount of the deposit. When renting equipment, you can choose whether the renter needs insurance to cover loss or damage to the equipment itself, as well as property damage or injury to people while using the equipment. Equipment rental contracts can be used in most cases where a physical property is rented (with the exception of real estate). An equipment lease agreement allows a supplier and a tenant to sketch out the terms of the equipment rental. The contract may contain provisions relating to the basic logistics of the rental, such as.B. information on the price, deposit and delivery of the equipment, as well as the information necessary for a fair relationship between the parties, such as.B. risk of loss, clarification of the responsibility for the maintenance of the equipment and explanation of what must happen in the event of a dispute. However, this equipment rental agreement is not designed for the rental of real estate (e.g. B a house, apartment or office). This equipment rental contract should only be used in the case of rental of physical property.

In the case of real estate, we have several other models available that can be useful. For the rental of short-term real estate (e.g. B a bed & breakfast or vacation rental), use our license agreement – Vacation Rental. For a piece of commercial property, use our Non-Retail lease….

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