Use this template to prepare a short form Equipment Lease Agreement with a purchase option (also called rent to own or hire purchase). Provisions include (among others):

• ownership of equipment to remain with the lessor during the term of the lease;
  
• lessor has a right to inspect the equipment during the lease;
  
• taxes on equipment to be paid by lessor;
  
• no warranty or guaranty given by lessor;
  
• lessee is responsible for maintaining insurance on the equipment during the lease.

This is a generic legal document in MS Word format, and is not specific to any country or region.