We have seen a rise to the popularity of renting or leasing equipment for reasons beyond just completing projects without having to purchase new tools and thereby save more on overhead costs. Whenever there’s an opportunity, businessmen count on the option to rent equipment which is good if you’re a business renting out tools for other businesses. However, you should make sure that your lessees must sign a lease or rental agreement all the time.
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5 Steps To Write An Equipment Rental Agreement
Step 1: Grant a Lease
Provide the renting party a comprehensive grant of a lease. Be as specific as you can about the equipment being rented to identify it properly. For instance, you can indicate the manufacture date as well as the make and model of the equipment, if you want to be sure in identifying the equipment the client is renting later on.
Step 2: Include Payment Details
Specify payment methods and details about how you want to be paid when you want to receive the payment and whether or not you can accept a lump sum or prefer to have a security deposit first. If it’s the latter, indicate the deposit amount before they can have the equipment for a certain period of time.
Step 3: Write The Rental Terms
Label the document properly as “equipment rental agreement” and make sure to identify each party correctly, otherwise, you run the risk of rendering the contract invalid. Write down the term of the lease or when it’s supposed to end as well as terms for an extension, should the other party feel like they still need the equipment.
Step 4: Ask For Advice
No matter how much experience you’ve had in writing equipment rental agreements, you can never be too sure about getting everything right. Therefore, it would be wise to have an attorney go over the document just to double check if you have the right provisions and whether or not you need to add some clauses to make it more legally-binding.
Step 5: Finalize Your Draft
You can choose to have a lease form but a rental agreement is more complete when it comes to covering everything from the agreed payment schedule and the number of days or specific timeframe for when the equipment will be in the client’s possession. Finalize your draft or just choose any of the templates attached in this article.
8+ Best Equipment Rental Agreement Templates
1. Restaurant Equipment Lease Agreement
Want to have a document that spells out your agreement in loaning your equipment to a client? In that case, use this equipment rental agreement template which runs in MS Word, Google Docs and Pages. You’ll need this template more than you know so print it out anytime, anywhere you are.
2. Equipment Rental Agreement Template
Provide a standard agreement with a client who is interested in renting your equipment with this professionally-designed equipment rental agreement template. Having an agreement in writing will make sure that each party commits to their end of the deal. Don’t wait until your client asks for an agreement in writing and get this template now!
3. Equipment Lease Agreement
Need to put an equipment rental deal in writing and make it as properly-defined as you can? Don’t worry, you’ll be able to do that with the help of this sample rental agreement. Just download the template in any of MS Word, Google Docs and Pages then edit and print it in any available device.
4. Restaurant Equipment Lease Agreement
Prepare to rent out your equipment with a document that stamps what you have agreed with your client. Download this high-quality equipment rental agreement sample and modify the content as to the needs of your business and the client. Feel free to print it in any of your preferred formats!
5. Equipment Rental Agreement Template
Need to provide a written agreement that sets clear expectations for equipment rentals? You’ve come to the right place! By downloading this sample equipment rental agreement, you’ll have everything you need to present a well-written lease to the other party. Just edit and print the file and you’re all set.
6. Equipment Lease Agreement
When it comes to equipment rentals, you can never be too careful. Protect the value of your equipment by making sure to close your rental transactions with an agreement that outlines your terms and conditions. Or just download this equipment rental agreement template to do the job for you.
7. Equipment Rental Agreement
Are you tired of putting up with irresponsible clients who rent your equipment? That’s not going to happen anymore if you hold them accountable through a legally-binding agreement, so what are you waiting for? Hurry up and download this equipment rental agreement sample now, which is free for you to edit and customize easily!
8. Equipment Rental Agreement Form
It’s not easy to tie people to their promises or obligations. In the case of businessmen renting your equipment for a fee, you’ll be able to avoid all kinds of troubles if you let them sign a well-prepared rental agreement. Not ready? Get this sample equipment rental agreement and customize it as you see fit!
9. Equipment Lease Agreement
Keep clients in line and make them accountable for any damage or loss by making sure they sign an agreement with you. If you haven’t created or finalized one yet, you can make use of this very flexible equipment rental agreement template and personalize it according to the specifics of your deal. Go ahead and download this template right now!