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Farm Equipment Lease Agreement
"I need a Farm Equipment Lease Agreement for leasing two combine harvesters and a tractor to a local farming cooperative, with quarterly payment terms and an option to purchase after 24 months, starting from March 2025."
1. Parties: Identification and details of lessor and lessee
2. Background: Context of the lease arrangement and purpose
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed specification of leased equipment
5. Lease Term: Duration, commencement, and termination provisions
6. Payment Terms: Rent amount, payment schedule, and payment methods
7. Maintenance and Repairs: Responsibilities for equipment maintenance and repair
8. Insurance Requirements: Required insurance coverage and responsibilities
1. Purchase Option: Terms for potential equipment purchase at lease end - include when offering purchase options to lessee
2. Subletting: Terms regarding subletting rights - include when subletting might be permitted
3. Environmental Compliance: Specific environmental requirements - include for equipment with environmental impact considerations
4. Training Requirements: Equipment operation training provisions - include for complex equipment requiring specific training
1. Equipment Schedule: Detailed list and specifications of all equipment covered
2. Payment Schedule: Detailed breakdown of payment terms and dates
3. Maintenance Schedule: Required maintenance activities and intervals
4. Insurance Requirements: Detailed insurance specifications and requirements
5. Operating Instructions: Equipment operation guidelines and safety procedures
Authors
Commencement Date
Equipment
Farm
Lease Period
Lease Payment
Lessor
Lessee
Maintenance Schedule
Operating Hours
Permitted Use
Premises
Rent
Security Deposit
Services
Specification
Term
Termination Date
Working Day
Fair Wear and Tear
Force Majeure Event
Insurance Requirements
Loss
Maintenance Requirements
Operating Instructions
Required Condition
Safety Requirements
Total Loss
Warranty Period
Term and Renewal
Delivery and Acceptance
Rental Payments
Security Deposit
Use of Equipment
Maintenance and Repairs
Insurance
Title and Ownership
Risk and Liability
Warranties
Health and Safety
Return of Equipment
Default and Remedies
Termination
Force Majeure
Assignment and Subletting
Indemnification
Notices
Governing Law
Dispute Resolution
Entire Agreement
Amendments
Severability
Third Party Rights
Environmental Compliance
Training and Operation
Inspection Rights
Record Keeping
Payment Terms
Find the exact document you need
Farm Equipment Lease Agreement
An English law agreement governing the lease of agricultural equipment between equipment owners and farmers.
Equipment Lease To Own Agreement
A contract under English and Welsh law enabling equipment lease with eventual ownership transfer upon completion of payments.
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