Create a bespoke document in minutes, or upload and review your own.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Equipment Rental Lease Agreement
"I need an Equipment Rental Lease Agreement for leasing three excavators to a construction company for a 12-month period starting March 2025, with specific provisions for maintenance responsibilities and an option to purchase at the end of the term."
1. Parties: Identification and details of the lessor and lessee
2. Background: Context of the agreement and basic premises
3. Definitions: Key terms used throughout the agreement including equipment specifications
4. Equipment Description: Detailed description of equipment being leased including condition requirements
5. Rental Term: Duration of the lease, commencement date, and renewal terms
6. Payment Terms: Rental amounts, payment schedule, late payment provisions, and security deposits
7. Delivery and Return: Terms for equipment delivery, installation, and return conditions
8. Maintenance and Repairs: Responsibilities for equipment maintenance, repairs, and replacement
9. Insurance: Required insurance coverage and liability provisions
10. Termination: Conditions for early termination and consequences of default
1. Option to Purchase: Terms for equipment purchase at end of lease, including pricing methodology
2. Training: Provisions for equipment operation training and operator certification requirements
3. Sub-letting: Terms regarding sub-letting of equipment and associated conditions
4. Export Controls: Restrictions on international movement of equipment and compliance requirements
1. Equipment Schedule: Detailed specifications of equipment including serial numbers, components, and accessories
2. Pricing Schedule: Detailed breakdown of rental costs, additional charges, and payment terms
3. Maintenance Schedule: Required maintenance procedures, intervals, and responsible parties
4. Condition Report: Initial condition of equipment at time of lease with photographs and inspection reports
5. Insurance Requirements: Detailed insurance specifications including minimum coverage requirements
Authors
Commencement Date
Equipment
Lease Period
Lease Payment
Deposit
Security Deposit
Delivery Location
Return Location
Fair Wear and Tear
Maintenance Schedule
Operating Hours
Rental Rate
Business Day
Force Majeure Event
Insurance Requirements
Late Payment Interest Rate
Lessor
Lessee
Loss
Operating Manual
Permitted Use
Rental Period
Services
Term
Termination Date
Total Loss
Working Condition
Default
Default Rate
Guarantor
Manufacturer
Manufacturer's Warranty
Notice
Parties
Payment Date
Replacement Value
Equipment Description
Lease Term
Delivery and Acceptance
Rental Payments
Security Deposit
Use of Equipment
Maintenance and Repairs
Insurance
Risk and Title
Warranties
Health and Safety
Indemnification
Default and Remedies
Termination
Return of Equipment
Assignment and Subletting
Force Majeure
Notices
Confidentiality
Data Protection
Intellectual Property
Liability Limitations
Governing Law
Dispute Resolution
Entire Agreement
Severability
Variation
Third Party Rights
Waiver
Further Assurance
Counterparts
Find the exact document you need
Equipment Lease With Option To Purchase Agreement
An English law agreement establishing terms for equipment leasing with a purchase option, including payment terms, maintenance, and purchase conditions.
Download our whitepaper on the future of AI in Legal
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our Trust Centre for more details and real-time security updates.
Read our Privacy Policy.