Equipment Lease Agreement Template


Equipment Lease Agreement
This Equipment Lease Agreement (the “Agreement”) is made and entered on ___________________
by and between _ORCUTT MINERAL SOCIETY INC.__ (“Lessor”) __ and
___________________________________________________________________ (“Lessee”)
Residing at ___ ________________________________________________________________
(Collectively referred to as the “Parties”).
The Parties agree as follows:
1. EQUIPMENT: Lessor hereby leases to Lessee the following equipment:
_________ 8’ x 30” Banquet Tables for $3.00 each payable at the end of the lease term.__
Total Lease including applicable tax = $_______
(the “Equipment”).
2. LEASE TERM: The lease will start on __________________________________ (begin date)
and will end on ____________________________________________ (end date) (Lease Term).
3. DELIVERY: Lessee [_] shall or [_] shall not [choose one] be responsible for expenses and costs at
the end of the Lease Term, of shipping the Equipment back to Lessor’s premises in the amount of
4. POSSESSION AND SURRENDER OF EQUIPMENT: Lessee shall be entitled to possession of the
Equipment on delivery day of the Lease Term. At the expiration of the Lease Term, Lessee shall
surrender the Equipment to Lessor by delivering the Equipment to Lessor or Lessor’s agent in good
condition and working order, ordinary wear and tear excepted, as it was at the commencement of the
5. USE OF EQUIPMENT: Lessee shall only use the Equipment in a careful and proper manner at the
location to which it was delivered and will comply with all laws, rules, ordinances, statutes and orders
regarding the use, maintenance or storage of the Equipment.
6. CONDITION OF EQUIPMENT AND REPAIR: Lessee or Lessee’s agent has inspected the
Equipment and acknowledges that the Equipment is in good and acceptable condition.
7. MAINTENANCE, DAMAGE AND LOSS: Lessee will, at Lessee's sole expense, keep and maintain
the Equipment clean and in good working order and repair during the Lease Term. In the event the
Equipment is lost or damaged beyond repair, Lessee shall pay to Lessor the replacement cost of the
Equipment; in addition, the obligations of this Agreement shall continue in full force and effect through
the Lease Term.
8. OWNERSHIP: The Equipment is and shall remain the exclusive property of Lessor.
9. ASSIGNMENT: Neither this Agreement nor Lessee’s rights hereunder are assignable except with
Lessor’s prior, written consent.
IN WITNESS WHEREOF, the parties have caused this Agreement to be executed the day and year first
above written.
Orcutt Mineral Society, Inc. PO Box 106 Santa Maria, CA 93456 805-929-3788
___________________________________________, Agent
(Position, if applicable)


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