44 Best Equipment Lease Agreement Templates

1. Clarity of Equipment and Terms
Ensure the template precisely lists each item being leased, including model numbers, serials, quantity, and condition. Include payment terms, lease duration, and renewal options to minimize disputes and misinterpretations.

2. Compliance and Liability Provisions
Incorporate maintenance responsibilities, insurance requirements, risk of loss, and who bears responsibility for repairs. Add indemnification and waiver of subrogation where appropriate to protect both parties.

3. Process for Modifications and Renewal
Define how amendments will be made, who can authorize changes, and notification timelines for terminations or extensions. Include criteria for renewal pricing and any rate adjustment mechanisms to prevent confusion later.