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Net Equipment Lease Agreement (Canada)

Use this template to prepare a Net Equipment Lease Agreement for Canada between a supplier (the lessor) and a customer (the lessee). Provisions of the lease include:
  • the lessee is to maintain all warranties, guarantees and insurance on the rental items;
  • ownership remains with lessor until the end of the lease;
  • relationship of the parties is that of independent contractors;
  • indemnity of the lessor by the lessee will survive termination of the contract;
  • no abatement of rent during any down-time of the equipment.

This is a Canadian legal agreement, in MS Word format.





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