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What's an equipment lease agreement?
It's time to upgrade—but maybe not buy. Leasing needed equipment can help keep businesses competitive without the upfront costs and commitments of purchasing. An equipment lease agreement makes sure owner and renter know what's expected of them—and, the equipment itself—during the duration of the lease and beyond.
Here's the info you'll need to have handy to complete your doc:
Who owns the equipment
Have their name and contact info ready.
Who's renting the equipment
Have their name and contact info ready, too.
What happens when the lease is up
Know what options the renter has and what they're required to do.
Details about the equipment
Know what's being rented, the serial number, and manufacturer's name.