Equipment Lease To Own Agreement Template for India

1. Security Deposit: Terms regarding security deposit amount, maintenance, and return conditions - used when lessor requires additional financial security

2. Sublease and Assignment: Rights and restrictions regarding subleasing or assigning the equipment - included when such flexibility might be needed

3. Equipment Upgrade: Terms for upgrading or replacing equipment during the lease term - relevant for technology or machinery that may need updating

4. Return Conditions: Specific conditions for equipment return if purchase option isn't exercised - important for high-value or specialized equipment

5. Environmental Compliance: Environmental regulations and compliance requirements - necessary for equipment that may have environmental impacts

6. Training and Support: Terms for operator training and technical support - included for complex equipment requiring specific expertise

7. Force Majeure: Provisions for unforeseen circumstances - particularly relevant in current times of global uncertainty

8. Import/Export Compliance: Compliance with import/export regulations - necessary for international equipment or parts

1. Schedule A - Equipment Specifications: Detailed technical specifications, photographs, and condition report of the equipment

2. Schedule B - Payment Schedule: Detailed breakdown of lease payments, including dates, amounts, and purchase price calculations

3. Schedule C - Maintenance Schedule: Required maintenance procedures, schedules, and authorized service providers

4. Schedule D - Acceptance Certificate: Form for documenting equipment delivery and acceptance

5. Schedule E - Insurance Requirements: Detailed insurance specifications including coverage types and amounts

6. Appendix 1 - Operating Guidelines: Manufacturer's operating guidelines and safety procedures

7. Appendix 2 - Return Conditions Checklist: Detailed checklist for equipment condition upon return if purchase option isn't exercised