We are pleased to release our equipment rental contract free of charge and are authorized to allow all equipment rental companies (or clothing, video and other industries) to use this contract. 10. The tenant bears all legal and other reasonable costs, the costs and costs incurred by the landlord to protect his rights under the lease agreement and all measures taken by the landlord to recover the amounts owing to the landlord under the lease. 8. Loss or damage. The tenant will draw the owner`s attention to the damage to the equipment. The tenant is responsible for loss or damage to the equipment and loss of use, loss of the value of the device caused by damage or repairs on him and missing equipment. 7. The renter does not mortgage or debit the rented equipment in any way. The landlord can terminate this contract immediately if the renter is able to pay rent at maturity, or if the renter fulfills the contract before a competent court to protect himself from creditors. A landlord and tenant can be either a person or a business, depending on the circumstances of the rent. For example, you might own a small business that manages forklift rentals for construction companies, or you may have to plan an event and rent audio devices (such as a sound system) to a friend.
The tenant freely compensated the owner and equipment and without prejudice to any debts such as accidents, loss of equipment, injury or death of a person/s. 10. The tenant does not modify the equipment without the owner`s prior written consent. All changes are the property of the owner and are subject to the deadline. The landlord has the right to check the equipment on request during the tenant`s normal business hours. 6. SITUATION. The equipment must be located at [CUSTOMER ADDRESS] for the duration of the agreement and cannot be removed from this location without the prior written consent of the owner.
8. The owner does not guarantee the leased devices, except that the owner replaces the devices with identical or similar devices if the device does not operate in accordance with the manufacturer`s specifications and instructions. This exchange should be made as soon as possible after the return of the non-compliant equipment by RENTER. 9. TAXES. During the duration of this equipment rental contract, the tenant pays all taxes, charges as well as the licence and registration fees of the device. An equipment lease agreement is a contract between two parties regarding the use of one type of equipment. The tenant rents the landlord`s equipment for a specified period of time, as stated in the rental agreement. In return, the tenant again grants compensation to the lessor, as indicated in the contract. An entity takes into account its projected cash flow to decide whether it can meet periodic interest and capital payments.
Payments are spread over several months until the lease term expires or when the taker takes over ownership of the equipment, if there is an existing agreement with the lessor. The duration of the lease depends on the needs of the company and the cost of the equipment. For a small business whose equipment requirements can change rapidly, a short rental period is an advantageous option. For an expensive capitalization, a longer rental period is more convenient and cheaper in the long run.