Equipment Lease Agreement (Illinois)
Use this template to prepare an Equipment Lease Agreement with an option to renew for the State of Illinois. Provisions of the lease include:
This Illinois equipment lease agreement is in MS Word format.
- lease becomes month-to-month if the lessee fails to renew;
- purchase option at the end of the term;
- qualification for sales tax exemption;
- the lessee is responsible for insurance and taxes;
- the lessee must arrange for delivery within a specified number of days after signing the lease;
- the lessee is responsible for maintenance, upkeep and repairs during the term.
This Illinois equipment lease agreement is in MS Word format.





