Long Term Equipment Rental Agreement

The lessee`s renewal options contain guidelines for the renewal process after the lease period has expired. The lessee may wish to reduce regular payments or the possibility of acquiring the equipment at the end of the rental period. The equipment lease is an agreement between the lessor and the lessee that allows the lessee to use the equipment for a defined period of time. With the exception of the two types of leases mentioned above, there are other types of equipment leasing that combine the characteristics of capital leasing and operation in order to meet the needs of both parties. For example, the lessor can opt for hybrid leasing for tax and financial advantages. Leveraged Leases allows the lessee to finance lease costs by issuing debt and equity against equipment lease payments. This agreement begins and ends. An extension agreement is established for the new duration. RENTAL CONDITIONS 1. The tenant must keep and wait for the rented equipment during the rental conditions on his fees and expenses earned. It must keep the equipment in good condition, with the exception of normal wear and tear. 2. The tenant pays the tenant full compensation for the replacement and/or repair of equipment that is not returned because it has been lost or stolen, or equipment that is damaged and must be repaired to restore it to the condition in which it was at the time of rental, except for normal use.

The owner`s invoice for the replacement or repair shall be conclusive up to the amount that the lessee must pay for the repair or replacement in accordance with this paragraph. 3. The tenant may not remove the device from the tenant`s address or the location indicated as the place of use of the device without the prior written permission of the tenant. The tenant must, on request, inform the tenant of the exact location of the equipment while it is owned by the tenant. 4. The equipment is delivered to the tenant and returned to the tenant at the risk, expense and expense of the tenant. If the landlord calculates a periodic rental price, the rental fee is charged to the tenant for each period or part of the period from the date the equipment is delivered to the renter until his return. If a rental price is charged by the landlord, the rental fee is charged to the tenant for the entire lifetime, even if the equipment is returned before the end of the service life. If the device is not returned during or at the end of the service life, the rental fee for each additional life or part thereof remains at full duration until the equipment is returned. PandaTip: For example, this section deals with the owner in case the equipment breaks down and the tenant loses production costs, time, material, etc. The tenant cannot then bring an action against the landlord for damages due to the defective equipment.

8. Loss or damage. The tenant must draw the owner`s attention to the damage to the equipment. The renter is responsible for any loss or damage to the equipment and loss of use, reduction in the value of the equipment caused by damage to the equipment or repair thereof and lack of equipment. As a rule, you can rent devices for a limited or unlimited time: The tenant is explained by the fact that the devices are used only for: Curabitur at ipsum ac tellus semper interdum…