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Equipment Lease Agreement with Purchase Option
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.
- This is a fully editable MS Word document that can be modified to fit your unique needs.
- This contract template is generic and does not contain specific references to the laws of any country or jurisdiction.
$15.99
Ohio Equipment Lease Agreement
Lease equipment to customers with this easy-to-use Equipment Lease Agreement for the State of Ohio.
- The lessee has an option to renew the lease, but the lease becomes a month-to-month rental contract if the lessee fails to renew when the initial term expires.
- The lease transaction is meant to qualify as a casual sale for State sales tax exemption, but if it does not qualify, the lessee is responsible for paying any tax payable.
- if the equipment does not operate properly, any claims by the lessee must be against the vendor of the equipment and not the lessor.
- The lessee bears the full risk of loss, damage or destruction of the equipment.
- The file includes a Sales and Use Tax Unit Exemption Certificate.
- This legal form template is available in MS Word format and is fully customizable.
- Intended to be used only in the State of Ohio.
$29.99
