The Equipment Lease To Own Agreement is designed for situations where businesses or individuals wish to acquire equipment through staged payments while having immediate use of the assets. This document, governed by English and Welsh law, combines the benefits of leasing with the ultimate goal of ownership. It's particularly useful when immediate purchase isn't feasible or desirable, but long-term ownership is the goal. The agreement includes comprehensive provisions for equipment maintenance, insurance requirements, payment schedules, and eventual transfer of ownership, while ensuring compliance with relevant consumer credit and goods legislation.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership聽of your docs
1. Parties: Identification of lessor and lessee with full legal names and addresses
2. Background: Context of the agreement and general purpose
3. Definitions: Key terms used throughout the agreement
4. Equipment Description: Detailed specification of leased equipment
5. Lease Term: Duration of lease and purchase option terms
6. Payment Terms: Payment schedule, amounts, and purchase price
7. Delivery and Acceptance: Terms for equipment delivery and acceptance conditions
8. Maintenance and Use: Requirements for equipment maintenance and permitted use
9. Insurance: Insurance requirements and responsibilities
10. Title and Ownership: Ownership terms and transfer conditions
1. Early Purchase Option: Terms for early purchase, use when early buyout is permitted
2. Assignment: Rights to assign the agreement, include if assignment is to be permitted
3. Tax Considerations: Special tax provisions, include if tax implications need specification
4. Return Conditions: Equipment return requirements, include if return option exists
1. Equipment Schedule: Detailed list and specifications of equipment
2. Payment Schedule: Detailed payment terms and dates
3. Acceptance Certificate: Form for confirming equipment delivery and acceptance
4. Maintenance Schedule: Required maintenance procedures and intervals
5. Insurance Requirements: Detailed insurance specifications
Find the exact document you need
Simple Equipment Rental Agreement
An England & Wales contract outlining terms for short-term equipment rental between parties.
Download
Machinery Hire Agreement
An England & Wales legal document outlining terms for temporary machinery hire without ownership transfer.
Download
Heavy Equipment Lease Agreement
An England & Wales legal document outlining terms for leasing industrial machinery, detailing maintenance and insurance obligations.
Download
Gear Rental Agreement
An England & Wales legal document detailing the resolution of a customer complaint after investigation.
Download
Equipment Rental Agreement Contract
An England & Wales legal document transferring assets into a revocable living trust for estate planning purposes.
Download
Equipment Lease Purchase Agreement
An England & Wales legal document transferring property ownership as a gift, detailing terms and compliance requirements.
Download
Asset Lease Agreement
An England & Wales legal document detailing asset transfer terms between family members for clarity and tax compliance.
Download
Farm Equipment Lease Agreement
An English law agreement governing the lease of agricultural equipment between equipment owners and farmers.
Download
Equipment Lease To Own Agreement
A contract under English and Welsh law enabling equipment lease with eventual ownership transfer upon completion of payments.
Download
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)