Equipment Lease Agreement Template printable pdf download

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

Agreement.

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.

LESSOR:

Orcutt Mineral Society, Inc. PO Box 106 Santa Maria, CA 93456 805-929-3788

___________________________________________, Agent

LESSEE:

____________________________________________________

___________________________________

(Position, if applicable)

Equipment Lease Agreement Template