Equipment Lease Agreement printable pdf download

EQUIPMENT LEASE AGREEMENT

THIS LEASE is made as of the

day of

, 20 __ , by

and between KRIGGER & COMPANY, INC., a Pennsylvania corporation having a place of

business at 4360 Gibsonia Road, P.O. Box 1427, Gibsonia, PA 15044-1427 ("Lessor")

and , _________________________________________________________________

located at _____________________________________________________________

("Lessee").

WITNESSED:

WHEREAS, Lessor owns certain lawn maintenance equipment listed on Schedule A

attached hereto (the "Equipment"); and

WHEREAS, Lessee wishes to lease the Equipment on a short-term basis, on the terms

and conditions set forth below.

Terms and Conditions of Lease

1. LEASE. Lessor hereby leases to Lessee and Lessee hereby leases and rents from

Lessor, the Equipment.

2. WARRANTIES. Lessee shall inspect the Equipment promptly upon its delivery to

Lessee, and shall promptly notify Lessor in writing of any defect in the Equipment.

LESSEE ACKNOWLEDGES THAT LESSOR IS NOT THE MANUFACTURER OF THE

EQUIPMENT, AND THAT LESSOR MAKES NO WARRANTY, EITHER EXPRESS

OR IMPLIED, WITH RESPECT TO THE EQUIPMENT, INCLUDING BUT NOT

LIMITED TO, ITS FITNESS FOR A PARTICULAR PURPOSE OR ITS

MERCHANTABILITY. Lessee accepts the full risk of the rental and use of the

Equipment, and hereby releases Lessor from any and all claims relating to the

Equipment or the use thereof.

3. NO ORAL AGREEMENTS. No oral promise, representation, warranty, modification

or other agreement between Lessor and Lessee shall be binding. None of the terms

of this Lease shall be changed or modified except in writing signed by Lessor and

Lessee.

4. DELIVERY. The Equipment shall be delivered to Lessee at its address shown on

page 1 hereof. The date on which Lessee takes possession of the Equipment at such

location is hereinafter referred to as the "Delivery Date". Lessee will pay Lessor a

pick-up and delivery charge as shown on SCHEDULE A hereto in addition to rent for

the delivery of the Equipment.

5. TERM. The term of this Lease shall commence on Delivery Date and shall continue

for each item of the Equipment for the period set forth on SCHEDULE A hereto.

6. RENT FOR EQUIPMENT. Lessee will pay to Lessor as rent for the use of each item

of the Equipment, an amount equal to the Base Rent set forth on SCHEDULE A

hereto, which shall be payable upon execution of this Lease or otherwise as the

parties shall agree. Additionally, if any item of the Equipment is operated by Lessee

more than the average "DAILY ALLOWED HOURS", during the term, Lessee shall pay

Lessor, at the end of the term, an amount equal to the Excess Use Charge for such

item of Equipment, as set forth on SCHEDULE A. For each item of the Equipment,

Equipment Lease Agreement