Introduction
This precedent provides a comprehensive Equipment Lease Agreement used when a business leases equipment from an owner for commercial use.
The agreement sets out the rights and obligations of the lessor and lessee including possession of the equipment, payment of lease fees, maintenance obligations, insurance requirements and termination rights. It is suitable for a wide range of commercial equipment leasing arrangements.
Professionally Drafted Legal Precedent
Prepared by experienced Australian commercial lawyers, this precedent provides a comprehensive and reliable framework for real-world use.
The document is fully editable in Microsoft Word and includes an Editing Legal Documents Guide to assist with completing and tailoring the agreement.
Designed for immediate use, it can be adapted to suit a wide range of legal and commercial scenarios.
At A Glance
What This Document Covers
• Commercial lease of equipment between a lessor and a lessee
• Possession, use and maintenance of leased equipment
• Payment of lease fees and invoicing arrangements
• Insurance, liability and indemnity provisions
Who Should Use This Document
• Businesses leasing plant, machinery or commercial equipment
• Equipment owners leasing equipment to third parties
• Lawyers documenting equipment leasing arrangements
• Commercial operators hiring equipment for business purposes
Jurisdiction
• Drafted for use in Australia
• Refers to the Corporations Act 2001 (Cth)
• Includes provisions relating to the Personal Property Securities Act 2009 (Cth)
• Suitable for commercial equipment leasing arrangements
Download Details
• Fully editable Microsoft Word document
• Comprehensive equipment lease agreement precedent
• Includes schedules for equipment details and commercial terms
• Instant download available after purchase
Drafted by Legal Professionals
Our precedents are prepared by Australian legal practitioners and reflect commonly used legal drafting standards.
Practical and Easy to Use
Each template provides a structured framework that can be adapted to suit the specific transaction or matter.
Instant Access
Download immediately after purchase and edit the document in Microsoft Word to suit your requirements.
Related Precedents
Frequently Asked Questions
What is an Equipment Lease Agreement?
An Equipment Lease Agreement is a contract where the owner of equipment allows another party to use the equipment for a defined period in exchange for lease payments. The lessor retains ownership of the equipment while the lessee has possession and use of the equipment during the lease term.
Does the lessor keep ownership of the equipment?
Yes. In a typical equipment lease the lessor retains ownership of the equipment while granting the lessee the right to use the equipment during the lease term. At the end of the lease the equipment must usually be returned to the lessor unless the agreement provides otherwise.
Also Known As
• Equipment lease agreement
• Equipment hire agreement
• Plant and equipment lease agreement
• Equipment rental agreement
• Machinery hire agreement
• Commercial equipment lease template
Equipment Lease Agreement – Instant Download
• Lawyer-drafted equipment lease agreement precedent
• Suitable for commercial equipment leasing arrangements
• Fully editable Microsoft Word document
• Includes detailed clauses covering risk, maintenance and insurance
• Instant download available immediately after purchase
Used by lawyers, businesses and commercial operators across Australia.
Download This Precedent
Instant download. Fully editable Microsoft Word format. Includes practical drafting guidance.