In the case of a short-term equipment rental contract, the lessor may give the lessee the choice to renew, terminate the contract or purchase the leased equipment. It depends on the terms of the initial agreement reached and agreed by both parties. 8. INSURANCE. The renter must insure the equipment in an amount of at least [AMOUNT IN WRITTEN DOLLARS] ($[AMOUNT IN DIGITAL DOLLARS]). The renter acknowledges the equipment and the terms of this agreement. In addition to the rental fee, the tenant pays a deposit in the amount of [AMOUNT IN WRITTEN DOLLARS] in dollars ($[AMOUNT IN DIGITAL DOLLARS]) before receiving equipment and at the time of signing this contract. This deposit is refunded to the tenant at the end of this agreement, subject to the possibility for the lessor to collect it against any costs or damages incurred. All sums that can be reimbursed to the tenant must be paid at the time of termination of this equipment rental agreement. The guarantor shall be remunerated with an annual interest rate of [PERCENTAGE] from the date of payment to the lessor until the date of repayment on the basis of the total amount of the deposit. We are pleased to publish our equipment rental agreement for free and are licensed, which allows any equipment rental company (or apparel, video and other industries) to use this contract. This agreement begins and ends. An extension agreement is established for the new duration.
An equipment lease agreement, sometimes referred to as a property lease or cargo lease agreement, is a document that a supplier and lessee can seize when one or more devices are leased. PandaTipp: Use this section to enter specific information about devices for rent. It is recommended to always be accompanied by a detailed description of the equipment and all equipment made available to the customer. You should use a hardware rental agreement whenever you want to rent equipment you own from someone else. You can also use it to rent equipment that someone else owns if they don`t provide you with a contract. 7. The tenant may under no circumstances mortgage or incriminate the rented appliances. The landlord can terminate this contract immediately if the tenant does not pay the rents on the due date or if the tenant bottles it before a competent court to protect himself against creditors. It is important that, in some cases, the lease be recorded in the Personnel Security Register in accordance with the Credentials Act 2009 (Commonwealth).
This may be the case, for example, when the equipment is leased for more than two years or if the equipment is leased for an indefinite period (more than two years at the end). . . .