Go to Public Legal Home
  • Forms
    • Legal Forms Home
    • Business
    • Buying & Selling
    • Borrowing & Lending
    • Business Ventures
    • Credit & Collection
    • Employment
    • Leases & Real Estate
    • Protection of Rights
    • Transfers & Assigns
    • Personal
    • Last Wills & Estates
    • Marital & Family
    • Name Change
    • Power of Attorney
    • Health Care
  • Profession
    • 350 Largest Law Firms
    • Legal Salaries
    • CLE
    • Lawyers & Firms
    • Legal Associations
    • Legal Experts
    • Legal Forms Sources
    • Business Entity Forms
  • Academics
    • Law School Rankings
    • Law School Profiles
    • Law School Salaries
    • Law School Tuition
    • Law School Outlines
    • External, 3rd Party
    • Rankings Sources
    • Law Journals
    • Law Students
    • Pre-Law
  • Research
    • U.S. State Gov't
    • U.S. Federal Gov't
    • Legal Indices
    • Statutes & Codes
  • About
    • About Us
    • Contact Us
    • Testimonials
    • Terms of Use
    • Privacy Policy
  • Forms
  • Firms
  • Schools
    1. you are here:
    2. forms menu
    3. leases & real
    4. lease of personal
    1. you are here:
    2. forms menu
    3. leases & real estate
    4. lease of personal property
    1. you are here:
    2. forms menu
    3. leases & real estate
    4. lease of personal property

    Lease of Personal Property

    Instant Download - Only $9.99

    • Professional MS Word & PDF formatting Microsoft Word Adobe PDF
    • Fully editable & reusable
    • Lifetime updates
    • Accuracy guarantee

    LEASE OF PERSONAL PROPERTY

    1. PARTIES. This agreement is made ________,20__ between _______________, of ______________, herein called "Lessor," and ______________, of ________________, herein called "Lessee."

    2. LEASE OF EQUIPMENT. For and in consideration of the covenants and agreements hereinafter contained, to be kept and performed by lessee, lessor has leased and does hereby lease to lessee the personal property known and described as follows: ______________________________________________________, hereafter designated as equipment, to have and to hold the same unto Lessee for the period of______ months commencing from ___________________.

    3. DELIVERY AND RETURN OF PROPERTY. Lessor shall deliver equipment to_______________________ , freight prepaid. At the end of the term thereof Lessee shall return equipment freight prepaid to Lessor at the place from which equipment was shipped in as good condition as exists at the commencement of the term, reasonable wear and tear in respect thereto expected.

    4. RENT. Lessee shall pay as rent for the leasing the sum of $_____________ at the office of Lessor at________________ in ________________ monthly installments of________ each, payable in advance on the first day of the month beginning with___________, plus ________ to be paid as the last payment.

    5. RESERVATION OF TITLE. Equipment and all parts thereof shall, unless a purchase thereof is made as is herein provided and until full payment of such purchase price and all interest which may be due thereon is made in cash to the Lessor, retain its character as personal property and the title thereto shall not pass to Lessee but shall remain in Lessor.

    6. REPOSSESSION. If Lessee shall sell, assign or attempt to sell or assign, equipment or any interest therein, or if Lessee defaults in any of the covenants, conditions or provisions of this Lease, it is agreed that Lessor may immediately and without notice take possession of equipment wheresoever found and to remove and keep or dispose of the same and any unpaid rentals shall at once become due and payable.

    7. LOCATION AND USE. Lessee shall use equipment only in _______________________ and shall not at any time remove the same ______________________ from the place ________________________ except in returning the same to Lessor or except as may be permitted by Lessor by consent thereto in writing.

    8. INDEMNIFICATION OF LESSOR. Lessee shall and does hereby agree to protect and save Lessor harmless against any and all losses or damage to equipment by fire, flood, explosion, tornado or theft and Lessee shall and does hereby assume all liability to any person whomsoever arising from the location, condition or use of equipment, and shall indemnify Lessor of and from all liability, claim and demand whatsoever arising from the location, condition, or use of equipment whether in operation or not, and growing out of any cause, and from every other liability, claim and demand whatsoever during the term of this Lease or arising while equipment is in the possession of Lessee. Lessee also agrees to promptly reimburse Lessor, in cash, for any and all personal property taxes levied against equipment and paid by Lessor.

    9. TIME OF ESSENCE. Time is the essence of this agreement.

    10. NO ASSIGNMENT. Neither this Lease and agreement nor any right or interest thereunder shall be assigned by Lessee in any respect whatsoever.

    11. CHOICE OF LAW. This Lease and agreement shall be deemed to have been executed and entered into in the State of ____________ and shall be construed, enforced and performed in accordance with the laws thereof.

    12. EXCLUSION OF ORAL STATEMENTS. This instrument contains all of the agreements of the parties. No oral or other statements shall be binding on either of the parties hereto.

    13. GUARANTY. All parts of this equipment are guaranteed against defective parts or workmanship for a period of ninety (90) days from date of delivery and any parts returned to factory freight prepaid will be replaced free of charge if found defective.

    [Lessor]



    By_______________________________________________  ____________________

    [Lessee]



    By_______________________________________________  ____________________


    Instant Download - Only $9.99

    • Professional MS Word & PDF formatting Microsoft Word Adobe PDF
    • Fully editable & reusable
    • Lifetime updates
    • Accuracy guarantee
    "Are these forms valid in my state?" At ILRG, we are committed to delivering top quality legal forms that are valid in all states. We will pay $50 to anyone who brings to our attention any form on our site that is not compliant with U.S. state law. See the terms and conditions for this offer for further information. ILRG guarantees your complete satisfaction with your purchase. If you are not 100 percent satisfied after purchasing from us, contact us for a full refund.

    No Ads, No Affiliates, No Subscription Plans, No Hidden Fees, No Sharing Your Data. PublicLegal is a socially motivated website that provides information about the law while respecting your rights and privacy. View our privacy policy.

    Legal Forms

    Business
    Buying & Selling
    Borrowing & Lending
    Business Ventures
    Credit & Collection
    Employment
    Leases & Real Estate
    Protection of Rights 
    Transfers & Assigns

    Personal
    Last Wills & Estates
    Marital & Family
    Name Change
    Power of Attorney
    Health Care

    Legal Profession

    350 Largest Law Firms
    Legal Salaries
    CLE
    Lawyers & Firms
    Legal Associations
    Legal Experts
    Legal Forms Sources
    Business Entity Forms

    Legal Academics

    Law School Rankings
    Law School Profiles
    Law School Salaries
    Law School Tuition
    Law School Outlines

    External, 3rd Party
    Rankings Sources
    Law Journals
    Law Students
    Pre-Law

    Legal Research

    U.S. State Gov't
    U.S. Federal Gov't
    Legal Indices
    Statutes & Codes



    About

    About Us
    Contact Us
    Testimonials
    Terms of Use
    Privacy Policy

    © 1995-2023 Internet Legal Research Group

    An operating division of Maximilian Ventures LLC

    Reproduction in whole or in part without permission is prohibited.


    TRUSTe