Construction Equipment Lease Contract

By | November 24, 2014

Many construction companies/ entities choose to rent out/ lease out certain equipment needed for construction purposes, rather than buying the equipment. When leasing out certain equipment the company must sign a contract with the entity providing the equipment and this contract is called the construction equipment lease contract.

The construction equipment lease contract template is the document prepared with the sole purpose of facilitating the task of those who find it inconvenient to frame such a contract from scratch. These templates will record all the information that is important and must be recorded in the actual legal contract.

Sample Construction Equipment Lease Contract

This contract is being signed by and being entered in between a LESSOR and a LESSEE. The LESSOR of the contract is _____________________________ (name of the company/ official entity that owns the equipment) represented by ____________________ (name of the official representing the company in the contract), and the LESSEE is ______________________________ (name of the contraction company) represented by _____________________ (name of the official representing the construction company).

The leasing contract comes to effect on the date of signing i.e. _______________________ (mention the date of signing of the contract) and expires on the ______________________ (mention date on which the lease stands terminated).

The terms of the details of the named lessor, names lessee and other relevant details of the various aspects of the contract are as follows.

Details of the LESSOR:

(Mention in the blanks below the details of the named lessor, as per the brackets that follow).

Company Name: _________________________________ (Official company name)

Under signatory: _________________________________ (name of the company representative)

Job Title: __________________________ (job title held by the representative)

Address: __________________________________________________________________

(Complete official correspondence address of the representative)

Contact No.: _____________________________

Details of the LESSEE:

(Mention in the blanks below the details of the lessee as required by the heads and brackets)

Company Name: _________________________________ (Official company name)

Under signatory: _________________________________ (name of the company representative)

Job Title: __________________________ (job title held by the official representative)

Address: __________________________________________________________________

(Complete official correspondence address of the representative)

Contact No.: _____________________________

Details of the Equipment:

(In the table below mention the details of the equipment borrowed on lease, do so in accordance with the heads in top row.)

Equipment name/ code Equipment description QTY
     
     
     

Terms & Conditions of the Contract:

(Mention the terms the parties have agreed to comply with.)

Signatures:

_____________________________                                  _____________________________

(Named lessor must sign here)                                                        (Named lessee must sign here)