Equipment Lease Agreement with Purchase Option (short form)

Lease equipment on a rent-to-own basis with this short form Equipment Lease Agreement with Purchase Option.

• The leasing company (lessor) retains ownership of the equipment during the term of the lease.
• The lessor has a right to inspect the equipment during the lease.
• The lessor will pay the taxes on the equipment.
• The customer (lessee) is responsible for maintaining insurance on the equipment during the lease.
• The lessor does not give the lessee any warranty or guaranty with respect to the equipment.