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It defines the equipment, lease term start and end dates, monthly rent paid in advance, and prorated charges when the term does not align with month boundaries. The agreement addresses late fees, required security deposit handling, delivery responsibilities, notice procedures, equipment use obligations, default and cure timelines, repossession rights, possession and return conditions, maintenance and repair, damage or loss replacement cost, insurance requirements, and compliance with applicable laws and taxes.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/equipment-lease-agreement/282385/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/equipment-lease-agreement/282385.png","ImageObject",442,249,{"name":88,"@type":89},"Ophelia","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-23","2026-09-16",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",9,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What does the Equipment Lease Agreement define?","Question",{"text":109,"@type":110},"It defines the equipment being leased, the lease term dates, and the parties’ obligations including rent, security deposit, delivery, use, maintenance, and return conditions.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How are lease payments and proration handled?",{"text":114,"@type":110},"Rent is paid monthly in advance on the first day of each month. If the lease term does not start on the first day or end on the last day, rent is prorated accordingly.",{"name":116,"@type":107,"acceptedAnswer":117},"What happens if the lessee defaults?",{"text":118,"@type":110},"If the lessee fails to meet obligations, the lessee is given seven days from notice to cure the default. 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EQUIPMENT. Lessor hereby leases to Lessee the following equipment (the \"Equipment\"):  \n2. LEASE TERM. The lease will start on   (mm/dd/yyyy) and will end on   (mm/dd/yyyy) (end date) , the “Lease Term”.  \n3. LEASE PAYMENTS. Lessee agrees to pay to Lessor as rent for the Equipment the amount of $   (“Rent”) each month in advance on the first day of each month at   (address for rent payment) or at any other address designated by Lessor. If the Lease Term does not start on the first day of the month or endon the last day of a month, the rent will be prorated accordingly.  \n4. LATE CHARGES. If any amount under this Agreement is more than   days late, Lessee agrees to pay a late fee of $   .  \n5. SECURITY DEPOSIT. Prior to taking possession of the Equipment, Lessee shall deposit with Lessor, in trust, a security deposit of $   as security for the performance by Lessee of the terms under this Agreement and for any damages caused by Lessee or Lessee’s agents to the Equipment during the Lease Term. Lessor may use part or all of the security deposit to repair any damage to Equipment caused by Lessee or Lessee’s agents. However, Lessor is not just limited to the security deposit amount and Lessee remains liable for any balance. Lessee shall not apply or deduct any portion of any security deposit from the last or any month's rent. Lessee shall not use or apply any such security deposit at anytime in lieu of payment of rent. If Lessee breaches any terms or conditions of this Agreement, Lessee shall forfeit any deposit, as permitted by law.  \n6. DELIVERY. Lessee ☐ SHALL ☐ SHALL NOT (check one) be responsible for all expenses and costs: i) at the beginning of the Lease Term, of shipping/delivering the Equipment to Lessee’s premises and ii) at the end of the Lease Term, of shipping/delivering the Equipment back to Lessor’s premises.  \n7. GOVERNING LAW. This Agreement shall be governed by and construed in accordance with the laws of the State of   .  \n8. NOTICE. Any notice required or otherwise given pursuant to this Agreement shall be in writing and mailed certified return receipt requested, postage prepaid, or delivered by overnight delivery service to:  \nLESSEE:   .  \nLESSOR:   .  \nEither party may change such addresses from time to time by providing notice as set forth above.  \n9. USE OF EQUIPMENT. Lessee shall only use the Equipment in a careful and proper manner and will comply with all laws, rules, ordinances, statutes and orders regarding the use, maintenance of storage of the Equipment. Additional instructions:  \n.  \n10. DEFAULT. If Lessee fails to perform or fulfill any obligation under this Agreement, Lessee shall be in default of this Agreement. Subject to any statute, ordinance or law to the contrary, Lessee shall have seven (7) days from the date of notice of default by Lessor to cure the default. In the event Lessee does not cure a default, Lessor may at Lessor’s option (a) cure such default and the cost of such action may be added to Lessee’s financial obligations under this Agreement; or (b) declare Lessee in default of the Agreement. If Lessee shall become insolvent, cease to do business as a going concern or if a petition has been filed by or against Lessee under the Bankruptcy Act or similar federal or state statute, Lessor may immediately declare Lessee in default of this Agreement. In the event of default, Lessor may, as permitted by law, re-take possession of the Equipment. Lessor may, at its option, hold Lessee liable for any difference between the Rent that would have been payable under this Agreement during the balance of the unexpired term and any rent paid by any successive lessee if the Equipment is re-let minus the cost and expenses of such reletting. In the event Lessor is","cbCaij45cAVb51ZB","https://ap.wps.com/l/cbCaij45cAVb51ZB","pdf",135248,"English","# EQUIPMENT\n# LEASE TERM\n# LEASE PAYMENTS\n# LATE CHARGES\n# SECURITY DEPOSIT\n# DELIVERY\n# GOVERNING LAW\n# NOTICE\n# USE OF EQUIPMENT\n# DEFAULT\n# POSSESSION AND SURRENDER OF EQUIPMENT\n# CONDITION OF EQUIPMENT AND REPAIR\n# MAINTENANCE, DAMAGE AND LOSS\n# INSURANCE\n# ENCUMBRANCES, TAXES AND OTHER LAWS","[{\"question\":\"What does the Equipment Lease Agreement define?\",\"answer\":\"It defines the equipment being leased, the lease term dates, and the parties’ obligations including rent, security deposit, delivery, use, maintenance, and return conditions.\"},{\"question\":\"How are lease payments and proration handled?\",\"answer\":\"Rent is paid monthly in advance on the first day of each month. If the lease term does not start on the first day or end on the last day, rent is prorated accordingly.\"},{\"question\":\"What happens if the lessee defaults?\",\"answer\":\"If the lessee fails to meet obligations, the lessee is given seven days from notice to cure the default. If not cured, the lessor may cure and charge costs, declare default, and may retake possession as permitted by law.\"}]","Equipment Lease Agreement | PDF",1789573503]