LEGALDOCS - Equipment Lease
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This is an example of a completed Equipment Lease.
THERE IS A CHARGE OF $8.50
TO OBTAIN AND PRINT THIS DOCUMENT. You can proceed with the Questionnaire,
and obtain a Equipment Lease free of charge, but to obtain the
final, completed document, ready for viewing and instant printing (or Save-to-File),
you will be asked to submit credit card information and will be billed $8.50.
However, please feel free to complete or review this Questionnaire and the Summary
which will be produced. It is educational and will provide some insight regarding
which areas, minimally, should be covered, and will let you see if the subject
matters important to you are covered in the Equipment Lease
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To complete your Equipment Lease, fill out this form.Information regarding the Parties
Description of the Leased Property
Describe the property to be leased by completing the following sentence. (Do not capitalize the first word, and do not punctuate with a period at the end of the sentence.)
Lessor desires to lease to Lessee, and Lessee desires to lease from Lessor, personal property consisting of .
Is/are there additional equipment, replacement parts, or accessories that are included in this lease?
Yes. In addition to the main equipment, this lease includes
. (describe in detail - don't capitalize
the first word, and don't use a period at the end of the sentence):
This Lease will begin on and will continue thereafter for a period of months.
The rent installments under this Lease shall be paid in advance on a monthly basis. The monthly rent is the sum of $ and will due on or before the Lease start date.
Will this Lease contain a late payment clause?
YES, if the payment is more than days late, a late payment penalty of percent of the late payment past due shall be charged.
Most equipment lessors require lessees to provide a security deposit prior to taking possession of the equipment.
Will the Lessee be required to pay a security deposit?
YES, Lessee will have to pay a deposit of $.
Will Lessee be required to insure the equipment against all risk of loss or damage from every cause whatsoever, in an amount for not less than the full replacement value of the equipment?
Attorney's Fees Provision
You have the option of inserting an attorney's fees clause into the Lease. An attorney's fees clause provides that if there is a dispute between the Lessor and Lessee regarding this Lease, or if one party has to file suit to enforce any provision of this Lease, the prevailing party (as determined by the court) will be entitled to their reasonable attorney's fees. Do you want to include an attorney's fees clause?
Governing Law. This lease shall be construed and governed by the laws of the State of .
This completes the information input for your Equipment Lease. When you Send this Form, this program will prepare a Summary of the Equipment Lease for your review. Make sure that all facts stated in the Summary are correct in all respects.
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