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Personal-property lease form
Download a lease of personal property for documenting the rental of non-real-estate property, equipment, goods, or other movable assets.
A practical personal-property lease for identifying the lessor, lessee, leased property, term, payment schedule, use restrictions, return obligations, and signatures.
Use this standalone form for leased property that is not real estate, such as equipment, goods, furnishings, or other movable assets.
Download Word files for editing on your device and PDF files for print-ready review or completion.
Keep the completed lease with inventory notes, condition records, payment records, insurance information, and return-condition documentation.
This product includes the files listed below. Use Word format for editing and PDF format for print-ready review or completion.
Standalone personal-property lease form
A written personal-property lease helps document the parties, leased property, lease term, rent or payment schedule, permitted use, care obligations, default remedies, and return condition.
Use it for non-real-estate property where the parties want a written rental arrangement but do not need a residential, commercial, or equipment-specific state lease funnel.
For high-value equipment, titled property, regulated assets, insurance issues, financing arrangements, or business leases with detailed warranty terms, review whether an equipment-specific lease or attorney review is a better fit.
Review the form preview below, then download the complete files after checkout.
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_______________________________________________ ____________________
For machinery, vehicles, technology, or business equipment with warranty or limited-warranty terms, compare the equipment lease options.
The downloadable files listed on this page are included with this product. The current production fulfillment fields show editable Word and print-ready PDF formats for this standalone form.
No. This is a standalone personal-property lease form, not a state-specific real-estate lease packet. If you need a real-estate lease or equipment lease, use the related Leases & Real Estate funnels.
Yes. Word format is included for editing on your own device, and PDF format is included for print-ready review or completion.
After secure checkout, you receive immediate access to the available download files for this product.
No. ILRG provides self-help legal forms and information, not legal advice. Review the completed form and confirm any state, local, or transaction-specific requirements before signing or relying on it.