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Making an Equipment Lease
Equipment Leases usually are designed to lay out the terms and rent payment details in connection to a rental arrangement. When drafted properly, this legal agreement can reduce disputes by ensuring that the understanding is mutual. When ready, you can tap or click the button labeled "Make document" to take a closer look at our sample Equipment Lease and see what information you'll need to provide to create your lease.
As with any other legal contract, Equipment Leases are not legally binding until all parties have signed. Different from the other sites you may stumble upon, Rocket Lawyer offers much more than a blank Equipment Lease template or fillable PDF that you could obtain elsewhere. If the equipment renter refuses to pay or there is a different issue related to your Equipment Rental Agreement, your Premium membership offers the optional benefit of Document Defense® protection.
Regardless of who your renter is, it is always a best practice to sign an Equipment Lease. Making this document could be helpful for you because of the benefits listed here:
Ultimately, if you decide against using this document, neither party will receive any of the benefits associated with having one in place.
You may want to prepare the following details for your Equipment Lease:
As you may expect from a document like this one, your Equipment Lease will also include legal language related to late payments, liability, and governing law. More custom alterations are allowed, as well.
Fortunately, you don't need to pay hundreds of dollars to get your agreement in writing. With the document tools on Rocket Lawyer, you are able to create a free Equipment Lease today. Your document is constructed step by step, so you can feel confident that it has all of the relevant information that you'll need. Simply click on the button that says "Make document" to start.
Attached to each Equipment Lease, there will be a set of instructions that you will need to follow to finalize the document. With a Rocket Lawyer membership, you can edit it, print it, download it as a Word document or PDF file, copy it, and add electronic signatures via RocketSign®, as needed. Most importantly, take care to give a copy of your signed agreement to the equipment renter. You may also wish to explore our larger library of additional legal documents.
Seeking out an attorney to provide feedback on your agreement could take longer than you'd think if you attempt to do it by yourself. Another approach might be through the Rocket Lawyer On Call® attorney network. Premium members are able to request guidance from an attorney with relevant experience or pose other questions. When managing your equipment rentals, you can Work Confidently™ with Rocket Lawyer by your side.
Last reviewed or updated 02/28/2022