Equipment Lease Agreement Template – Canada

The Equipment Lease Agreement Template – Canada is offered in multiple formats, including PDF, Word, and Google Docs. These templates are fully editable and printable, designed to suit your requirements seamlessly.


Sample

Equipment Lease Agreement Template – Canada

Editable – Printable



1. Parties Involved



2. Description of Equipment

3. Purpose of the Lease

4. Lease Term

5. Rental Payment

6. Security Deposit

7. Maintenance Responsibilities

8. Insurance Requirements

9. Default Conditions

10. Termination Clause

11. Governing Law

12. Signatures and Acceptance




PDF


WORD

Examples


Equipment Lease Agreement Template – Canada (1)
Between:
[Lessor’s Name]
[Lessor’s Address]
[Lessor’s Phone]
[Lessor’s Email]
And:
[Lessee’s Name]
[Lessee’s Address]
[Lessee’s Phone]
[Lessee’s Email]
Introduction:
This Equipment Lease Agreement (“Agreement”) is made effective as of [Start Date] between [Lessor’s Name] and [Lessee’s Name] regarding the leasing of equipment described herein.
Clause 1: Equipment Details
The Lessor agrees to lease the following equipment: [Describe the equipment, including make, model, and serial number].
Clause 2: Lease Term
The lease will commence on [Start Date] and will continue for a period of [Specify duration] until [End Date], unless terminated earlier as provided herein.
Clause 3: Rent and Payment Terms
The Lessee agrees to pay the Lessor a lease payment of [Amount] per [Frequency] due on [Due Date]. All payments shall be made to the Lessor at the address specified above.
Clause 4: Security Deposit
The Lessee shall pay a security deposit of [Amount] prior to taking possession of the equipment, which will be refundable upon termination of the lease, less any deductions for damages.
Clause 5: Maintenance and Repair
The Lessee shall be responsible for maintaining the equipment in good condition and shall be liable for any damages beyond normal wear and tear.
Clause 6: Termination
Either party may terminate this Agreement by providing [Notice Period] written notice to the other party. Upon termination, the Lessee shall return the equipment in its original condition, subject to normal wear and tear.
Clause 7: Governing Law
This Agreement shall be governed by and construed in accordance with the laws of Canada.
Signed in [City], [Date].
Sincerely,
[Lessor’s Signature]
[Lessor’s Name]
[Lessee’s Signature]
[Lessee’s Name]
Equipment Lease Agreement Template – Canada (2)
Between:
[Lessor’s Company Name]
[Lessor’s Corporate Address]
[Lessor’s Phone]
[Lessor’s Email]
And:
[Lessee’s Company Name]
[Lessee’s Corporate Address]
[Lessee’s Phone]
[Lessee’s Email]
Introduction:
This Equipment Lease Agreement (“Agreement”) is made on [Date] to govern the lease of equipment between the Lessor and Lessee as specified below.
Clause 1: Description of Equipment
The equipment being leased includes: [List detailed specifications, quantities, and any warranties or guarantees].
Clause 2: Duration of Lease
The duration of the lease shall be [Specify duration], commencing on [Start Date] and concluding on [End Date] or as mutually agreed upon in writing.
Clause 3: Payments and Fees
The total rental fee for the lease period will amount to [Total Amount] plus applicable taxes, payable in installments of [Amount] on [Payment Schedule].
Clause 4: Insurance and Liability
The Lessee shall procure and maintain insurance for the equipment during the lease term and provide proof of insurance to the Lessor upon request.
Clause 5: Usage Restrictions
The Lessee agrees to use the equipment solely for [Specify permitted uses], and must not relocate the equipment without the Lessor’s consent.
Clause 6: Inspection Rights
The Lessor retains the right to inspect the equipment at any reasonable time during the lease term, after providing [Notice Period] notice to the Lessee.
Clause 7: Governing Law
This Agreement shall be governed by the laws of the Province of [Province] and the laws of Canada applicable therein.
Signed in [City], [Date].
Sincerely,
[Lessor’s Signature]
[Lessor’s Name]
[Lessee’s Signature]
[Lessee’s Name]

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Equipment Lease Agreement Template - Canada