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Equipment Rental Agreement

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Parties
Equipment & Lease term
Payment
Additional Terms
Signing date
Print/Download

Rent Details

Will rent be paid up front in a lump sum?

Yes No

How often will rent be paid?

Monthly Weekly Other

On what day of the month will succeeding payments be made?

Day:

On what day of the week will succeeding payments be made?

Day:

e.g.(biweekly)

When is the first payment due?

Rent amount:

$

Will interest be charged on overdue amounts?

Yes No

Annual interest rate:

Would you like to provide a grace period before the renter is considered late with a payment?

Yes No

How long is the grace period(In days)?

e.g.(10, 15)

Is sales tax included in rent?

Yes No, it's in addition to the rent Not applicable

Skip this step for now

Damage Deposit

Will the renter provide a damage deposit?

Yes No

Amount:

$

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Option to Purchase

Will the renter have the option to purchase the equipment?

Yes No

What is the purchase price of the equipment?

Price:

$

Is the purchase price negotiable?

Yes No

Skip this step for now

Assignment

Is the renter allowed to transfer the lease to someone else?

No Do not include in the contract

Is the owner allowed to transfer the lease to someone else?

No Do not include in the contract

Skip this step for now

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