Who is the Owner of the Equipment? Who is the Owner of the Equipment? a Business EntityIndividual(s) Also known as the "Lessor." Lessor's Name Add the Lessor's Mailing Address? Add the Lessor's Mailing Address? YesNo Lessor's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Who is renting the Equipment? Who is renting the Equipment? a Business EntityIndividual(s) Also known as the "Lessee." Lessee's Name Add the Lessee's Mailing Address? Add the Lessee's Mailing Address? YesNo Recommended but not required. Lessee's Mailing Address Street Address Address Line 2 City Please SelectAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington DCWest VirginiaWisconsinWyoming State ZIP Code Equipment Describe the Equipment being rented: Type of Agreement Type of Agreement Fixed (start and end dates)Month-to-Month Start Date End Date Start Date Required notice for termination: Days Rent Amount ($) What is the Rent Amount? $ The Rent Amount is: The Rent Amount is: the Total Amountper Monthper Weekper DayOther The Rent Amount is for: Payment Instructions Do you want to include any Instructions on how the Rent is to be paid? Do you want to include any Instructions on how the Rent is to be paid? YesNo Such as where to send the Rent or if there are any special instructions. The Rent shall be paid in the following manner: Late Fee Will there be a Late Rent Fee? Will there be a Late Rent Fee? YesNo If rent is not paid on time. Late Fee Amount $ The late fee will be for: The late fee will be for: Each OCCURRENCE that Rent is lateEach DAY that Rent is late When is Rent late? When rent is paid more thanday(s) late Non-Sufficient Funds (NSF) NSF Check Fee $ If the Lessee uses a non-sufficient funds (NSF) check to pay for rent. $25 is a common fee amount. Security Deposit Will a Security Deposit be required? Will a Security Deposit be required? Yes (recommended)No A security deposit allows the Lessor of the equipment to have funds from the Lessee in case of non-payment, damage or loss. Security Deposit Amount $ Delivery Who will be responsible for the DELIVERY of the Equipment? Who will be responsible for the DELIVERY of the Equipment? Lessee (renter)Lessor (owner)Shared This is the party that will be responsible for accepting the equipment at the start of the lease and for delivering it at the end. Option to Purchase Will the Lessee have the OPTION TO PURCHASE the Equipment? Will the Lessee have the OPTION TO PURCHASE the Equipment? YesNo This means the renter will have the option to purchase the equipment during the term of the lease for an agreed-upon price. Purchase Amount $ This is the amount to purchase ALL of the equipment being rented. Maintenance Who will be responsible for any MAINTENANCE of the Equipment during the lease? Who will be responsible for any MAINTENANCE of the Equipment during the lease? the Lessee (renter)the Lessor (owner) Insurance Will the Lessee be required to have Insurance? Will the Lessee be required to have Insurance? YesNo In case of injury or damage caused to the equipment. Which types of Insurance will be required? Which types of Insurance will be required? DiabilityCasualtyOther Disability Insurance Amount $ This is in case a person gets injured while using the equipment. For example, construction equipment is generally required a minimum of $500,000.00 Casualty Insurance Amount $ This should be the amount required to replace the equipment if it's destroyed. Other Insurance: Should include a description of the insurance required and the minimum amount ($) of liability. Additional Terms and Conditions Are there any Additional Terms or Conditions? Are there any Additional Terms or Conditions? YesNo If there is anything else the Lessor or Lessee would like to add to this agreement. Enter any Additional Terms or Conditions: Date Date of this Agreement Usuaully today's date. Next Save Save and finish later
