tiktok³ÉÈË°æ

All Countries
Capital Markets
Finance Lease Agreement

Finance Lease Agreement Template for Canada

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Finance Lease Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Finance Lease Agreement

"Need a Finance Lease Agreement for industrial manufacturing equipment worth $2.5M with a 5-year term, to be used in our Ontario facility, including maintenance service provisions and a purchase option at the end of the term."

Celebrated by
Collaborations with
Investors
Document background
The Finance Lease Agreement is essential for businesses seeking to acquire equipment or assets through financial leasing arrangements in Canada. This document is typically used when a company requires significant capital equipment but prefers to finance it through a lease rather than direct purchase. The agreement must comply with Canadian federal and provincial laws, including the Personal Property Security Act (PPSA), Financial Administration Act, and relevant tax legislation. It details the rights and obligations of both lessor and lessee, covering crucial aspects such as payment terms, maintenance responsibilities, insurance requirements, and default provisions. The document is structured to protect both parties' interests while ensuring clear allocation of risks and responsibilities throughout the lease term. Finance Lease Agreements are particularly important for businesses looking to optimize their capital allocation while maintaining access to necessary equipment.
Suggested Sections

1. Parties: Identification of lessor and lessee with full legal names and addresses

2. Background: Context of the lease arrangement and purpose of the agreement

3. Definitions: Definitions of key terms used throughout the agreement

4. Equipment Description: Detailed description of the leased equipment or assets

5. Lease Term and Payments: Duration of lease and payment terms including amounts, frequency, and payment methods

6. Delivery and Acceptance: Terms regarding delivery, installation, and acceptance of the equipment

7. Title and Security Interest: Confirmation of lessor's ownership and PPSA considerations

8. Use and Maintenance: Requirements for equipment use, maintenance, and repair obligations

9. Insurance: Insurance requirements and responsibilities

10. Risk of Loss: Allocation of risk and responsibility for damage or loss

11. Representations and Warranties: Statements of fact and promises by both parties

12. Events of Default: Definition of default events and consequences

13. Remedies: Rights and remedies available upon default

14. Indemnification: Mutual indemnification obligations

15. Assignment: Rights and restrictions regarding assignment of the lease

16. Governing Law: Specification of applicable Canadian law and jurisdiction

17. General Provisions: Standard boilerplate clauses including notices, amendments, and severability

Optional Sections

1. End of Term Options: Include when the lease offers purchase options or renewal rights at term end

2. Tax Matters: Include detailed tax provisions when GST/HST treatment needs specific attention

3. Environmental Compliance: Include for equipment that may have environmental impacts

4. Software License: Include when leased equipment includes software components

5. Personal Guarantees: Include when additional security from individuals is required

6. Cross-Collateralization: Include when multiple lease agreements are interconnected

7. Service Components: Include when maintenance or service is bundled with the lease

Suggested Schedules

1. Schedule A - Equipment Description: Detailed technical specifications of leased equipment

2. Schedule B - Payment Schedule: Detailed breakdown of all payments including dates and amounts

3. Schedule C - Acceptance Certificate: Form for confirming delivery and acceptance of equipment

4. Schedule D - Insurance Requirements: Detailed insurance specifications and minimum coverage

5. Schedule E - Maintenance Requirements: Specific maintenance procedures and schedules

6. Schedule F - Location of Equipment: Approved locations for equipment use and storage

7. Schedule G - End of Term Options: Detailed terms for purchase options or renewal rights

8. Appendix 1 - Guarantor Documentation: Forms and requirements for personal or corporate guarantees

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


















































Clauses








































Relevant Industries

Manufacturing

Construction

Transportation

Healthcare

Agriculture

Mining

Technology

Telecommunications

Retail

Wholesale

Energy

Aviation

Maritime

Commercial Real Estate

Industrial Equipment

Relevant Teams

Legal

Finance

Treasury

Procurement

Operations

Risk Management

Compliance

Asset Management

Credit

Commercial

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Contract Manager

Risk Manager

Equipment Manager

Operations Director

Procurement Manager

Asset Manager

Commercial Director

Credit Manager

Financial Controller

Compliance Officer

Business Development Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Cash Management Agreement With Financial Institutions

A Canadian-law governed agreement establishing terms for cash management services between a financial institution and corporate client.

find out more

Legal Financial Agreement Between Two Parties

Canadian-compliant financial agreement template establishing legal and financial obligations between two contracting parties.

find out more

Finance Lease Agreement

A Canadian law-governed agreement establishing terms for a finance lease arrangement, including payment terms, maintenance obligations, and security interests under PPSA.

find out more

Debt Agreement Loans

A Canadian-law governed agreement establishing the terms and conditions for a loan between a lender and borrower, including loan amount, interest, repayment terms, and security arrangements.

find out more

Contract For Personal Loan

A Canadian-law governed agreement establishing terms and conditions for a personal loan, including loan amount, interest rate, and repayment terms.

find out more

Bridge Facility Agreement

A Canadian-law governed temporary financing arrangement providing interim funding until permanent financing can be secured, subject to federal and provincial banking regulations.

find out more

Lease Purchase Agreement Car

A Canadian legal agreement establishing terms for vehicle leasing with a purchase option, combining lease and sale elements under Canadian provincial and federal regulations.

find out more

Jewelry Loan Agreement

A Canadian-law governed agreement establishing terms for a loan secured by jewelry collateral, including security interests, loan terms, and collateral handling provisions.

find out more

Forbearance Agreement Loan

A Canadian legal agreement where a lender agrees to temporarily postpone enforcement actions against a defaulted borrower, subject to specific conditions and modifications of the original loan terms.

find out more

Royalty Loan Agreement

A Canadian-law governed agreement combining loan financing with revenue-based royalty payments, establishing terms for capital provision and ongoing revenue-share payments.

find out more

Subordinate Loan Agreement

A Canadian-law governed agreement establishing terms for a subordinated loan, ranking junior to the borrower's senior debt obligations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

³Ò±ð²Ô¾±±ð’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ³Ò±ð²Ô¾±±ð’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.

Read our Privacy Policy.